Market Research Blog

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021.

Development of sophisticated ADAS equipment, coupled with increasing adoption of autonomous vehicles in various countries, is identified as key growth accelerators in the report. Owing to these factors, FMI has projected the market to expand at an impressive 12.10% CAGR through 2031.

Sales of ADAS testing equipment dampened in the first half of FY’2020 due to the onset of the COVID-19 outbreak. Restrictions in movement and halted production, along with disrupted supply chains further impacted the market growth. However, recovery of the ADAS market is on card, as the market experienced year-over-year growth by 9.1% from 2020 to 2021.

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In addition, stringent government regulations regarding appropriate testing of advanced and newly launched ADAS-equipped vehicles will continue driving market sales. Advancements in sensor technology and increasing incorporation of connective technology such as artificial intelligence (AI) and big data will create opportunities for expansion in the ADAS testing equipment market.

FMI’s in-depth regional analysis estimates the U.S. to lead the North American ADAS testing equipment market. Increasing cases of road fatalities have underscored the need for efficient ADAS equipment in the country, which in turn is augmenting the ADAS equipment market growth.

“Government initiatives regarding the maintenance of road safety, coupled with technological advancements in ADAS by OEMs will continue facilitating the growth of the global ADAS testing equipment market through 2031,” says the FMI analyst.

Key Takeaways:

• Based on product type, hardware is anticipated to record maximum sales in the ADAS testing equipment market.
• OEMs and tier-1 suppliers will emerge as prominent users of ADAS testing equipment.
• The U.S. is expected to exhibit high demand for ADAS testing equipment, with the North America market expanding at a prolific 11.30% CAGR through 2031.
• The U.K. will emerge as an attractive market, owing to stringent ADAS testing policies. FMI projects the European market to grow at a healthy 8.0% CAGR.
• Sales prospects of ADAS testing equipment are projected to be bright in China, owing to rapid adoption of high-tech ADAS testing equipment in the automotive sector.
• India will exhibit steady demand for ADAS testing equipment due to growing concerns regarding road safety and the recent influx of autonomous vehicles in the country.
• Japan and South Korea will collectively account for 14% of the total market share.

Key Segment

By Product:

• Hardware
• Software

By End-User Type:

• Automotive OEMs
• Tier-1 Suppliers
• Labs and Other Institutes

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa (MEA)

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

Competitive Landscape

Konrad GmbH, AB Dynamics plc, National Instruments Corporation, TKH Group NV, Oxford Technical Solutions Ltd., and Racelogic Ltd. are among the leading players operating in the ADAS testing equipment market. As per FMI, top 5 players in the market are estimated to hold around 50% of the total market share.

As a part of their growth strategies, players are focusing on collaborations, mergers, and acquisitions to incorporate the latest ADAS technologies in their current product portfolios. Further, intensive research and development, coupled with private sector funding will remain among the prominent growth strategies through 2031. For instance:

• In July 2021, National Instruments Corporation and Seagate Technology Holdings, a leader in data storage solutions, announced a collaboration to launch first of its kind ADAS record offering, further enhancing their data storage and transfer services.
• In January 2021, Park Assist and ParkEyes, leading suppliers of ADAS equipment, merged with TKH Security, a part of TKH Group. The merger is aimed to strengthen TKH Group’s global footprint and to expand its product line and services to cater to evolving customers’ needs.

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Key Points Covered in ADAS Testing Equipment Market Survey

• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on ADAS Testing Equipment and how to Navigate
• Recommendation on Key Winning Strategies

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Park Assist System Market : is slated to top US$ 595.6 Mn in 2022 and size will reach US$ 2.2 Bn by 2032 – Comprehensive Research Report by FMI

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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The global rubber tracks for defense and security market is apprehended to follow gradual growth over a 10-year forecast period 2022-2028. According to a recently published research report by Future Market Insights, titled “Rubber Tracks for Defense and Security Market: Global Industry Analysis 2017 – 2021 and Opportunity Assessment 2022-2028,” the market is poised for a CAGR of 3.9% over the assessment period and will reach US$ 144.5 Mn by 2028 end, up from US$ 98.4 Mn registered in 2017. Volatile rubber pricing scenario is considered to be a predominant factor restraining rubber sales, ultimately affecting the rubber tracks market performance.

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North America to Retain Dominance Led by US

North America currently holds the largest market share of over 31%, followed by MEA with a share of over 20% in terms of value. Europe is another key market for rubber tracks for defense and security. In terms of volume, Future Market Insights identifies dominance of EMEA and North America in the global market in 2017. In terms of basis points, North American and Eastern European markets are projected for a considerable gain, whereas all other regions are expected to see a slight decline in near future. North America will reportedly retain the dominance with a promising CAGR of over 5%; Eastern Europe will be a steadily growing market over the next decade.

North America has been dealing with immense pressure due to internal as well as external terrorism since the past few years. This has been detected as a key factor driving the demand for military vehicles within the North American market. Increasing investment of the US Army in battle tanks and other vehicles is predicted to directly boost the sales of rubber tracks in this region, the US being the leading market in this region.

Top Global Players Based in North America to Maintain Maximum Revenue Shares

Soucy International Inc., Ocean Rubber Factory LLC, COECA SA, William Cook Holding Limited (Cook Defense Systems), LS Mtron Ltd., GMT Rubber and Metal Technic Ltd, Martin’s Rubber Company Ltd., Cauchos Puntes S.L, Mackay Consolidated Rubber Technology, Northern Plains Track (Camso Group), and TGL SP Industries Ltd. are some of the major companies actively operating in the competitive landscape of the global rubber tracks for defense and security market.

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Key companies are focusing more on:

• Enhanced lifespan and improved efficiency
• Reduced weight and operational costs
• Long-term contracts with end-use industries
• Product innovation

As far as North America-based players are considered, Soucy International Inc. has been the global leader and Camso Group is identified to be striving to enter the military vehicle market for rubber band. Soucy has been the largest rubber tracks supplier for leading OEMs and various Ministry of Defense departments over the years. The company concentrates more on strategic collaborations and is likely to capitalize on opportunities presented by end-users operating in snowy areas and deserts. Camso Groups stands out on account of its expertise in designing, engineering, and manufacturing the most mature technology specifically for mission survivability in hostile environments.

Key Players

• Deere & Company
• Soucy International Inc.
• Ocean Rubber Factory LLC
• COECA SA
• William Cook Holding Limited (Cook Defense Systems)
• LS Mtron Ltd
• GMT Rubber Metal Technic Ltd
• Martin’s Rubber Company Ltd
• Cauchos Puntes S.L
• Mackay Consolidated Rubber Technology
• Northern Plain Tracks (Camso Group)

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Segmental Outline

By Product Type

• Rubber band track
• Rubber pin track

By Vehicle Type

• Tank
• APC
• IFV/AIFV
• Recons
• Others

By Vehicle Payload

• 8-12 Ton
• 12-14 Ton
• 15-45 Ton
• Above 45 Ton

By Region

• North America
• Eastern Europe
• Latin America
• MEA
• Japan
• Western Europe
• China
• India
• SEAP

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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FMI recently added a report on Nasal Implant Market in its database of market research reports which provides its readers an in-depth analysis of the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Nasal Implant Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2026. The report also includes an analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Global Nasal Implant Market Overview

Nasal Implant is a surgical activity to correct the deformities and plane of projection of nose by nasal bridge or filling in concave deformities which are often found in asymmetrical, injured, or misshapen noses. Several factors are considered to achieve successful patient satisfaction which includes deep analysis of individual nasal conditions along with the suitable combination of material and required techniques. These factors are strictly based on specific objectives to attain the proper appearance of the nose. In nasal reconstruction, careful decisions are made on choosing the types of material used to substitute for support. Implants are classified on the basis of their origin.

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Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Keyword Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period.

Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

The team of analysts at Future Business Insights are focussing on research and market study to produce different Keyword Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Keyword Market.

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Key Players 

Some of the major market players in Nasal Implant market globally include Allergan, Plc, Sientra, Inc, Stryker Corporation, KLS Martin L.P, Medartis AG, Johnson & Johnson, Implantech, TMJ Concepts, Nagor.

Segmentation 

The global market for nasal implant is segmented on the basis of material, graft type and end user:

Segmentation by Material

• Synthetic
• Metal (Titanium)
• Ceramics
• Polymers (silicone, polyethylene, PTFE, polyesters and polyamides)
• Biological
• Autograft
• Xenograft
• Allograft
• Alloplast

Segmentation by End User

• Hospitals
• Ambulatory Surgical Centers
• Clinics

Queries Solved

What is the size of the overall Keyword Market in the Healthcare Industry and its segments?

What are the key segments and sub-segments in the market?

What are the key drivers, restraints, opportunities, and challenges of the Keyword Market in the Healthcare Industry, and how they are expected to impact the market?

What are the attractive investment opportunities within the Keyword Market in the Healthcare Industry?

What is the Keyword Market in the Healthcare Industry size at the regional and country-level?

What are the key market players focusing on?

What are the strategies for growth adopted by the key players in Keyword Market in the Healthcare Industry?

What are the recent trends in Keyword Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?

What are the challenges to the Keyword Market in the growth of the Healthcare Industry?

What are the key market trends impacting the growth of the Keyword Market in the Healthcare Industry?

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Reasons to buy the report

• We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
• Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
• The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Future Market Insights (FMI) has published a new research report on automotive seat heaters. The report has been titled, “Automotive Seat Heater Market: Global Industry Analysis 2017–2021 and Opportunity Assessment 2022–2028.” The report states that the growing inclination of consumers across the globe towards luxury and premium vehicles is expected to boost the demand for automotive seat heaters over the coming years. The market for seat heaters is substantially dominated by a limited number of manufacturers who primarily cater to demand from OEMs. On the flipside, the market is witnessing the presence of a large number small-scale manufacturers predominantly based out of the Asia Pacific, who supply their products to cater to the growing demands in the independent aftermarket.

For instance, the Continental AG has a wide portfolio of products that find application in passenger cars, trucks and buses, agricultural vehicles, construction vehicles, marine solutions (engine monitoring, navigation and vessel information systems) and two wheelers. Similarly, other companies are also gearing up to expand their product portfolio. A few of the other companies operating in the global market include Panasonic Corporation, Gentherm Incorporated, Kongsberg Automotive, II-VI Incorporated, and I.G.Bauerhin GmbH, among others.

According to the report, the global automotive seat heater market is projected to witness a CAGR of 6.2% from 2022 to 2028. The market is expected to be worth US$ 922.6 Mn in 2022 and touch a valuation of US$ 1,678.9 Mn by the end of 2028.

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High Use of Seat Heaters in Cold Regions to Lead to Rise in Demand

The temperature inside an automobile cabin can drop to subzero levels during cold winter and extremely cold environmental conditions. Under such punitive conditions, the driver inside the vehicle can experience localised cooling as the driver’s exposed body surface (15% to 20%) comes in contact with the seat base and back support. Moreover, the heating system within a vehicle tries to respond to the comfort level of the driver but only until a certain period of time. To overcome this problem, many automobile seats are incorporated with embedded heating pads to enhance the driver’s thermal comfort, particularly during the initial period of driving. The heat generated from seat heaters is transferred through the seat cover. This feature has generated keen interest in the development of efficient seat heating systems that guarantee a driver’s thermal comfort in cold winter conditions. As a result, the demand for automotive seat heaters is high in North America and Europe.

Another factor that is expected to have a major impact on the market is the growing adoption of hybrid and electric vehicles. The prevalence of many big electric vehicle manufacturers across the globe such as Volkswagen group, Honda Motor Co., Ltd., Nissan Motor Corporation Ltd., Mitsubishi Motors Corporation and Toyota Motor Corporation will help the growth of the electric vehicle segment. Moreover, increasing support from the government coupled with strict emission norms will also offshoot the demand for electric vehicles, which in turn, will upsurge the demand for automotive seat heaters.

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Automotive Seat Heater Market by Category

By Vehicle Type :

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Sales Channel :

• OEM
• Aftermarket

By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia & Pacific
• Middle East and Africa (MEA)
• China
• India
• Japan

Key Players

• Gentherm Incorporated
• Kongsberg Automotive
• Continental AG
• II-VI Incorporated
• Panasonic Corporation
• I.G. Bauerhin GmbH
• Seat Comfort Systems, Inc.
• Roadwire LLC
• Firsten Automotive Electronics Co., Ltd.
• Rostra Precision Controls, Inc.
• Guangzhou Tachibana Electronic Co., Ltd.
• SINOMAS
• Changchun SET Electronics Co., Ltd

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Seasonal Requirement of Automotive Seat Heaters to Stand in the Way of Market Expansion

Seat heaters are provided as a seasonal feature and are generally required for automobiles in winter. When the temperature is low, seat heaters play an important role in providing a certain level of comfort to the driver, but are of no use in other seasons. Therefore, the application of seat heaters in regions such as MEA and Asia Pacific where the temperature does not dip so low during winter is limited, which is expected to hamper the growth of the seat heaters market.

Top Reports Related To Automotive Market Insights

Electric Bike Market : Global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

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Folding E-Scooter Market : is anticipated to have a significant CAGR of 2.6% during the period of 2022-2032 – Comprehensive Research Report by FMI

Off Road All Terrain e-scooter Market : share is predicted to witness a fair CAGR of 4.8% during the forecast period 2022-2032 – Comprehensive Research Report by FMI

Compact E-Scooter Market : is expected to be valued at US$ 626.8 million in 2022 and is likely to reach US$ 806.3 million by 2032 – Comprehensive Research Report by FMI

Connecting Rods Market : will increase at a 4.8% CAGR, with the total connecting rod market size reaching US$ 11.7 Bn by 2032 – Comprehensive Research Report by FMI

Armored Vehicle Market is projected to create an absolute dollar opportunity of more than US$ 28 Bn by 2032 – Comprehensive Research Report by FMI

Aircraft Strut Market are expected to surpass US$ 8.5 Billion by 2032 – Comprehensive Research Report by FMI

Automotive Oil Pressure Switch Market is expected to be valued at US$ 9.6 Billion in 2032 – Comprehensive Research Report by FMI

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Reports: https://www.futuremarketinsights.com/reports
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A recent analytical research report composed by Future Market Insights foresees the global automotive windshield washer system market to reflect an above-average growth in the period between 2022 and 2026.

A steady growth has been foreseen for the global automotive windshield washer system market over the forecast period, 2022 to 2026, by a new insightful report of Future Market Insights. Worldwide reaching a value of about US$ 19 Bn by 2022 end. The global business is anticipated to witness a considerable CAGR of 5.8% by value during the period of 2022 and 2026.

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Greater Preference for DIY Auto Products to Impact the Market Growth

The report identifies growing consumer preference for DIY installation and surging popularity of the ecommerce sector as primary growth determinants for the global automotive windshield washer system market. Over the past couple years, the trend toward purchasing DIY automotive parts & systems has gained immense traction, in turn enabling consumers with the convenience of installing auto products on their own. This trend has further induced auto component manufacturers in providing automotive windshield washer system as individual products, so that vehicle owners can later assemble and install them devoid of any additional assistance based on their requirement. Proliferation of ecommerce is further complementing the DIY trend, as consumers are able to easily track products specific to their vehicle’s need online and have them delivered to their doorstep without much effort.

Although deemed as one of the most crucial safety components of vehicles, wipers cause distraction owing to their movement on windshield. In a bid to resolve this issue, some automakers have come up with a novel solution to replace wipers. One such solution is ultrasonic force field, introduced by a British automaker McLaren, which has produced a new windshield washer system, the idea being derived from fighter jets. This technology that employs high-frequency sound waves will enable windshield to repel water, ice, mud, and all types of dust particles that are present in the surroundings. This may further impede sales of conventional automotive windshield washer systems to a certain extent, as this new technology is relatively expensive.

However, advancements in wiper blade technology that are evident with new systems being developed are likely to retain the market’s position. Automotive component manufacturers are increasingly taking efforts in designing and developing wiper blade technologies with faster response time coupled with streak-free visibility offering in extreme weather conditions.

Key market players profiled by the report include ASMO CO., LTD., Kautex Textron GmbH & Co. KG, Mergon Group, Denso Corporation, Exo-S, Doga S. A., Mitsuba Corporation, Trico Products Corporation, Continental AG, and HELLA KGaA Hueck & Co.

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Market Taxonomy

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Capacity

• 1.5- 2 liter
• 2- 3 liter
• 3- 4 liter
• 4- 5 liter
• Above 5 liter

Sales channel

• OEM
• Aftermarket

Technology

• Electrical
• Mechanical

Vehicle Type

• Passenger Cars
• LCV
• HCV

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Key Research Findings from the Report

• Asia-Pacific excluding Japan (APEJ), with an estimated market revenue share of over 30% during 2017 to 2026, will continue to dominate the global market for automotive windshield washer system. Europe and North America are also expected to gain significant shares of the market by the end of the forecast period. Revenues from automotive windshield washer system sales in Latin America will increase at a CAGR comparatively higher than those of sales in Europe and North America through 2026.
• 2-3 liter capacity of automotive windshield washer system will remain preferred among automakers and vehicle owners worldwide, trailed by 3-4 liter capacity. Additionally, 4-5 liter and 1.5-2 liter capacity segments are likely to latch onto roughly similar market revenue shares by 2026-end. Revenues from sales of 4-5 liter and 2-3 liter capacity automotive windshield washer system are set to record the fastest rise through 2026.
• While OEM is anticipated to endure as leading sales channel for automotive windshield washer system in terms of revenues, sales in the aftermarket are set to reflect the highest CAGR through 2026.
• Electrical automotive windshield washer system are expected to remain preferred over their mechanical counterparts in the near future, based on technology. Mechanical segment will continue to account for sluggish revenue share of the market.
• Passenger cars will account for the largest revenue contribution to the global automotive windshield washer system market during the forecast period. However, revenues from HCV will increase at a slightly higher CAGR than those from passenger cars through 2026.

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Advanced Driver Assistance System (ADAS) Testing Equipment Market : global ADAS testing equipment market reached US$ 222,486 Thousand in 2021.

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Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15% CAGR during the assessment period of 2022 and 2032.

Automotive Lead Acid Battery Market : The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

Water Proof E-Scooter Market : is anticipated to register a valuation of US$ 8.3 Bn by 2032 – Comprehensive Research Report by FMI

Used E-Scooter Market :  is likely to expand its roots in the global market at a strong CAGR of 3.2% between 2022 and 2032 – Comprehensive Research Report by FMI

Hybrid E-Scooter Market : is predicted to grow at a moderate CAGR of 3.9% during the forecast period of 2022 to 2032 – Comprehensive Research Report by FMI

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Vehicle Starter Motor Market is expected to total US$ 9 Bn by the end of 2032 – Comprehensive Research Report by FMI

Marine Fuel Filter Market to reach a valuation of US$ 4001.7 Mn by 2032 – Comprehensive Research Report by FMI

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Reports: https://www.futuremarketinsights.com/reports
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In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

According to a new research report published by Future Market Insights (FMI), the automotive battery management system market is estimated to reach US$ 15.3 Bn by the end of 2029.

 “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

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Key Takeaways of Automotive Battery Management System Market Study

• Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
• With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
• APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
• Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
• Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
• Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.

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AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET TAXONOMY

The global automotive battery management system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle Type

• Electric Vehicles
• Passenger Cars
  • HEVs
  • PHEVs
  • BEVs
• Commercial Vehicles
  • HEVs
  • PHEVs
  • BEVs
• Golf Carts
• E-Bikes

Connection Topology

• Centralized
• Distributed
• Modular

Sales Channel

• OEMs
• Aftermarket

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Middle East & Africa
• Japan

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Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it. Analog Devices, Inc., Continental AG, Johnson Matthey Plc, and Robert Bosch GmbH are identified as prominent players in the global automotive battery management system market.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights (FMI) has recently published a report titled “Aircraft Exterior Lighting Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2022–2027.” The report states that a progress in the aircraft industry and the growing aviation industry are the core factors impacting the growth of the global aircraft exterior lighting market. According to the analysis, the market is expected to exhibit a CAGR of 3.8% over the course of the forecast period and reach a valuation of around US$ 624 Mn by the end of 2027.

Manufacturers are concentrating on the introduction of new application-specific products in order to better address the requirements of specific aircraft. Furthermore, market players are found to be channelizing efforts towards consolidating their delivery channels while keeping focus centred on direct sales. Companies like Rockwell Collins cater to the demands of both domestic and international customers by maintaining a steady focus on R&D. However, backlog projects remain a threat for several companies. Some of the other leading companies operating in the market are United Technologies Corp., Honeywell International Inc., Zodiac Aerospace S.A., Diehl Aerospace Gmbh, Aveo Engineering Group, s.r.o., Whelen Engineering Co., Inc., Astronics Corporation, and Cobham plc.

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Expanding Fleet Sizes to Boost Demand for Aircraft Exterior Lighting

The number of air passengers has risen extensively in Asia Pacific owing to the liberalisation of markets and development in the wealth and size of the middle class. In current decades, Asia has emerged as a chief region in aviation traffic and is anticipated to remain resilient in the coming decade. The economic and monetary growth in large emerging markets such as China and India has been a primary driver for global GDP growth and further for the aviation industry as well. Over the years, China has contributed significantly to world traffic growth as its passenger growth has increased at a noteworthy rate. India’s emergence as a high-growth economy is expected to give rise to one of the largest commercial aviation markets in the coming decade. As a result, the fleet size of airline owners especially those following a low cost business model is expected to surge significantly leading to a rise in the demand for aircraft components worldwide. Consequently, the demand for aircraft exterior lighting is anticipated to intensify over the coming years.

However, stringent regulations are likely to act as a roadblock in the growth of the market in the near future. Regulations concerning pollution produced by aeroplanes will become more stringent in the coming years as most of the countries have agreed to reduce the impact of greenhouse gases. The number of aeroplanes coming to the refurbishing point will significantly decline if aircraft owners choose to retire their aircraft and buy a new fleet instead of opting for refurbishing the old aircraft, to clear regulations listed by authorities. This may negatively impact the aircraft exterior lighting market.

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Aircraft Exterior Lighting Market: Segmentation

Product

• Landing Lights
• Anti-collision Lights
• Position Lights
• Other Exterior Lights

Aircraft

• Narrow Body
• Wide Body
• Large Body
• Single Aisle
• Regional Jets
• Helicopters
• Air Cargo
• Business Jets

Sales

• Original Equipment Manufacturer (OEM)
• Aftermarket

Region

• North America
• Latin America
• Eastern Europe
• Western Europe
• South East Asia & Pacific
• MEA
• China
• India
• Japan

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Original Equipment Manufacturers to Benefit from a Growing Demand from Single-aisle Aircraft

The market penetration of low-cost carriers is expected to remain high in the coming years. There are new growth opportunities via the low-cost and long-haul business mode. Liberalisation in intra-regional traffic and open skies with China would also contribute to market growth. As a result, OEMs will find a plethora of opportunities arising from this sector.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Soaring carbon footprint attributed to heavy automotive usage has led manufacturers to use plastic composites in the production of automotive pillars. This will improve the demand for automotive pillars, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global automotive pillar market is slated to surpass a CAGR of 4% across the forthcoming decade.

As per the FMI’s projections, automotive pillar market demand is set to rise at 4% compound annual growth rate (CAGR) over the forecast period of 2021 and 2031. The market valuation will exceed US$ 6 Bn, registering the sales of 303,264,000 automotive pillar units in 2021.

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Demand for automotive pillars is rising extensively in emerging economies as consumers in these regions have become more willing to invest in high performance automobiles given the rising disposable income. Sales of electric vehicles have also augmented across India and China, improving the demand of automotive pillars.

Increasing sales of passenger cars across the globe, especially in developed regions such as Germany and the U.S., are improving the consumption of automotive pillars.

Moreover, with growing adoption of electric cars and luxury cars across the globe, government in such regions are imposing strict regulations to curb the carbon emission and improve the safety of passenger.

According to the FMI’s analysis, passenger cars segment is anticipated to exhibit high demand, accounting for over 78% of market share during the forecast period of 2021 and 2031.

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Key Takeaways from FMI’s Automotive Pillar Market Study

• By vehicle type, passenger vehicles to emerge as primary automotive pillar end-users
• Sales across the original equipment manufacturers segment are likely to surpass an impressive valuation, given the rising demand for new and advanced safety system
• The U.S. will experience noteworthy expansion amid rising sales of passenger cars in the region
• India will generate lucrative opportunities across Asia Pacific excluding Japan, backed by the stringent government regulations pertaining to passenger safety
• Rising government initiatives to curb the emission and increased electric vehicle sales will augment production capabilities across Germany
• Broadening electric vehicle market will widen automotive pillars adoption across China
• Japan and South Korea, collectively, will account for 12% of global automotive pillar market share in the year 2021.

“Visibly increasing consumer demand for passenger vehicles and electric cars is likely to augment sales of automotive pillars. This is encouraging prominent automotive pillar manufacturers to offer sustainable solutions to keep pace with changing consumer behavior,” says a FMI analyst. 

Automotive pillar Market by Category

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Product Type

• Pillar A
• Pillar B
• Pillar C
• Pillar D

By Sales Channel

• Original Equipment Manufacturers (OEMs)
• Aftermarkets

By Region

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific excluding Japan
• Japan
• Middle East and Africa (MEA)

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Competitive Landscape

KIRCHHOFF Automotive GmbH, Gestamp, Toyoda Iron Works Co., Ltd., Magna International Inc., and Aisin Seiki Co., Ltd are some prominent players operating in the automotive pillar market.

Key Points Covered in Automotive Pillar Market Study

• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Automotive Pillar Tools Market and How to Navigate
• Recommendation on Key Winning Strategies

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs