Frozen Ready Meal Market is Estimated Drive the Industry Growth Across World in Coming Year 2032

The global frozen ready meal market is set to witness growth at a CAGR of 8.2% and top a valuation of USD 89.7 Bn by 2032.

Attribute Details
Market Size Value in 2021 USD 38.1 Bn
Market Forecast Value in 2032 USD 89.7 Bn
Global Growth Rate 8.20%
Forecast Period 2022-2032

In recent years, ready-to-eat food has emerged as one of the most diverse divisions of the worldwide ready-meal market. A rise in convenience patterns, as well as a simultaneous increase in need for customised meal options, has resulted in strong desire for frozen packed meals. The frozen food and beverage industry is perceived as a yet another shop for consumers on the go, with everything from frozen desserts to appetisers and meals available.

Because of its microbiological and fungal-free qualities, frozen ready meals are in high demand in developed countries. Frozen packaged food manufacturers are now incorporating nutrient advantages alongside taste to appeal to a broader clientele seeking health and flavour.

Advances in technology to conserve frozen and partly prepared food, as well as substantial changes in the retail business, all promise positively for market players in the near future. The frozen ready meal industry would be worth more than USD 89.7 billion by 2032.

Frozen convenience meals sold by food supply chain companies remain a major source of income. Convenience stores are expected to extend their frozen ready meal range in the near future, while online sales will tap into previously undiscovered market opportunities.

In industrialized nations, where demand is higher than in other countries, frozen ready meals are now becoming incredibly common. The spike in the number of individuals working in rising economies such as China and India, and the trend toward longer and more unpredictable working hours, has led in a gradual shift away from the traditional model of daily cooking. Frozen ready meals are likely to grow in popularity in such countries as a result.

Convenience meals are growing in popularity in the packaged food industry due to its easy and portability. Organic convenience foods are also becoming more famous as they are certified natural things that may be used to substitute a full meal and are better than normal ready meals due to component differences.

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Key Takeaways from Market Study

  • The frozen ready meal market is expected to expand at CAGRs of 5.4% and 6.2% in US and the Middle East & Africa, respectively, through 2032.
  • The European frozen ready meal market is currently pegged at 25.2% share of total market.
  • The frozen ready meal industry in Asia – pacific region, except Japan, is predicted to increase at a healthy 4.7 percent.
  • Customer demand for healthy, nutrient-dense foods is boosting sales of frozen ready meals in various regions throughout the world.
  • Frozen chicken and frozen snacks contributed for more than 60% of the worldwide frozen ready meal markets in 2022, according to product type segmentation.
  • Covid-19 pandemic outbreak benefited the frozen ready meal business due to its ease.  Because many singles were limited to their homes and apartments, they had to depend on fast and ready-to-eat meals to sustain life. Due to the covid shutdown and social distancing practises, diners as well as other businesses were shuttered, increasing market demand for frozen ready meals.

“Targeting the food and beverage business would result in large earnings for frozen ready meal producers. Because of the increased consumption of healthy diet goods around the world, the health alternatives business could be a prospective market for frozen ready meals.” says a Future Market Insights analyst.

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Competitive Landscape

To improve the quality of products, major makers of frozen ready meals are concentrating heavily on research.

Campbell Soup Co: The company confirmed a complete restructuring in 2018 which will strengthen its presence in the rapidly changing foodservice sector. Campbell’s main business operations, such as its important soups, pre – cooked meal, shelf-stable beverage portfolio, and large snacks portfolio, are now grouped under this new company.

Conagra Brands: In the year 2019, Pinnacle Foods acquired the company. Pinnacle’s takeover of specialised gluten-free confectionary companies such as Udi’s and Glutino may boost Conagra Brands. With this purchase, the company will combine two catalogues with commercial growth to build a USD 12 billion corporation with leading brands in the frozen, snacks, refrigerated food, and grocery sectors.

McCain: In 2018, the business formed a relationship with Forno de Minas, a well-known cheese manufacturer. McCain bought 49 percent stake in Forno de Minas in this deal.

Segments Covered in Frozen Ready Meal Market Analysis

Product Type:

  • Vegetarian Meals
  • Chicken Meals
  • Beef Meals
  • Other Meals

End-User:

  • Food Chain Services
  • Modern Trade
  • Departmental Stores
  • Online Stores
  • Other Distribution Channel

Region:

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

Automotive Active Suspension System Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2025

Automotive Active Suspension System Market: Overview

Automotive market being one of the most important and lucrative market in today’s era, continually go through technological transformations, so as to introduce various distinctive features in vehicles which makes the vehicle more attractive, safe, easy to handle and thus customer friendly. The constant technological advancement in the automotive equipment segment has made the automotive suspension systems way smarter, unlike the passive suspension systems where the movement is determined by the road surface, active suspension system controls the vertical movement of vehicle relative to vehicle body implementing an onboard system that senses the force applied to the wheels and thus adjusts various mechanical connections to maintain the chassis level. A suspension system in which only the viscous damping coefficient of the shock absorber is adjusted is called as semi-active suspension system. The active suspension system market today is an important part of suspension system market and finds its major application in high end luxury and sports cars, and also some medium range cars & commercial vehicles. The automotive active suspension system are available in market with various commercial name, varying company to company such as Magic Body Control by Mercedes-Benz, MagneRide developed by Delphi, PASM Porsche Active Suspension Management by Porsche. The active suspension system enhances vehicle dynamics such as ride comfort, vehicle control and stability.

Automotive Active Suspension System Market: Drivers and Restraints

The active suspension system results in enhanced vehicle dynamics and thus performance of vehicle, today, players focuses on vehicle performance characteristics to sustain the competitive automotive market, this tends to drive the automotive active suspension system market. The increasing demand for vehicles in developing economies also backs the growth of automotive active suspension system market.

On the other side, high cost of the system and high maintenance cost acts as restraint to the automotive active suspension system market. Also installation of active suspension system into an existing vehicle may require major modification, this may affect the adaptation of the active suspension system over other systems available and thus obstruct the growth of active suspension system market.

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Automotive Active Suspension System Market: Segmentation

On the basis of type of suspension system, the automotive active suspension system market is segmented as:

  • Pure Active Suspension System
  • Semi-Active Suspension System

On the basis of actuation of suspension system, the automotive active suspension system market is segmented as:

  • Hydraulic Systems
  • Electromagnetic Systems
  • Solenoid Valve Systems
  • Magneto rheological Systems

On the basis of vehicle type, the automotive active suspension system market is segmented as:

  • Passenger cars
  • Commercial Vehicles

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Automotive Active Suspension System Market: Region-wise Outlook

The automotive active suspension system market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Europe and North America are the pioneer markets in the automotive active suspension market where early commercialization of active suspension system started, also these economies have large market for luxury vehicles. Asia Pacific is estimated to have highest growth rate in the automotive active suspension market, as the automotive market is boosting in developing region such as China, India, and also Japan is among significant market in automotive technologies.

Automotive Active Suspension System Market: Key Players

  • Bose Corporation
  • Quanser Inc.
  • ZF Sachs AG
  • Daimler AG
  • Magneti Marelli S.p.A
  • Hitachi Automotive Systems, Ltd.
  • Porsche Cars North America, Inc
  • LORD Corporation
  • BWI Group
  • Eaton Corporation Plc
  • Tanabe USA Inc.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Automotive Cabin Air Quality Sensors Market at an estimated CAGR of 13.8% over the 10-year forecast period 2018-2028

Escalating levels of air pollution, deteriorating air quality within automotive, and growing passenger awareness regarding safety, comfort, and overall in-car wellbeing has resulted in accelerated global adoption of automotive cabin air quality sensors. In addition to growing awareness, concerns regarding reduction of CO2 and particulate matters coupled with stringent government regulations are the primary drivers shaping the global automotive cabin air quality sensors market over the forecast period of 2018-2028.

A recently published intelligence outlook by Future Market Insights (FMI) projects stellar growth prospects for the global automotive cabin air quality sensors market at an estimated CAGR of 13.8% over the 10-year forecast period. Although, FMI predicts an exceptional market performance in terms of annual growth, the adoption of automotive cabin air quality sensors in terms of value, is projected to be extremely low, owing to some restraining factors being grey market presence, low replacement rate, commuters moving towards public transport, and lack of resources and technological awareness. According to FMI’s market research analysis, the low volume-high growth global automotive cabin air quality sensors market is projected to reach a market valuation of US$ 892,950.7 Thsnd by 2028 end.

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Worldwide Efforts to Curb Emission & Particulate Matters Would Lift Up Automotive Cabin Air Quality Sensors Endorsements

Unfavorable climate changes have pushed government authorities to place strict regulations on the emission of sulfur oxides, nitrogen oxide and particulate matters. Regulations such as the Paris Agreement, EPA Guidelines, and new emission standards set by the Chinese government to restrict the emission of VOCs (volatile organic components) are all likely to shape the future of global automotive cabin air quality sensors market.

Moreover, in regions such as North America, Western Europe and Japan, the demand for luxury cars has been increasing. With that, the governing bodies have implemented strict protocols to ensure the driver and passenger wellbeing, violating which, heavy penalties are levied. Research suggest that commuters spend almost 5.5% of their time in a closed vehicle, exposing themselves to over 20 harmful gases and particulate matters. Safe technologies such as automotive cabin air quality sensors would enhance the overall in-care experience.

Developing Countries to Create Growth Opportunities for Further Investments & Market Revenue

Recovering economic conditions in emerging economies has also pushed the automotive industry, which would further create public-private partnership opportunities in the coming years. Through partnerships and acquisitions, markets in emerging countries is projected to be a hotbed of opportunities for numerous foreign players to penetrate and solidify their market share in the regional markets. Moreover, increase in demand for mid-size cars and heating, ventilation, and air conditioning (HVAC) systems in passenger cars and commercial vehicles, in that receives commands from automotive cabin air quality sensors, will further drive-up the adoption, in the emerging markets. Within the passenger cars segment, SUV cars segment is expected to hold close to 39% market share throughout the assessment tenure, owing to expanding demand for automotive cabin air quality sensors in HVAC systems and air filters of a car cabins. Key players in the automotive cabin air quality sensors market are focusing on strategic alliances with domestic and overseas players to expand their product offering to regions that present increased consumption potential.

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Market segmentation

On the basis of vehicle type, the global automotive cabin air quality sensor market is segmented into

  • Passenger Cars
    • Compact Passenger Cars
    • Mid-Sized Passenger Cars
    • Luxury Passenger Cars
    • SUV
  • Commercial Vehicles
    • LCV (Light Commercial Vehicles)
    • HCV (Heavy Commercial Vehicles)

on the basis of regions, including

  • North America
  •  Latin America
  •  Western Europe
  •  Eastern Europe
  •  South East Asia and Pacific
  •  China
  •  India
  •  Japan
  •  Middle East and Africa.

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Technological Innovations & Advancements to Add Mobility to Automotive Cabin Air Quality Sensors Market

Key players, compelled by advancements in automation and research, are developing advanced sensor features to better equip commuters, and further accelerate the adoption automotive cabin air quality sensors. Technologies, such as SIFT-MS (Selected Ion Flow Tube Mass Spectrometry), which enables real-time detection of VOCs are gaining traction in the global automotive cabin air quality sensors market.

Economical sensor-integrated HVAC systems that are benefiting from advanced cabin comfort technologies—equipped with avant-garde detection features, are slated to create lucrative research and development opportunities in automotive cabin air quality sensors market.

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Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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Air Transport MRO Market to reach US$ 72.6 Bn in 2021, is poised to exhibit a 4.8% CAGR during the assessment period 2021 – 2031

In a recent market study, ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global air transport MRO market to reach US$ 72.6 Bn in 2021. With gradually increasing air travel and cargo transport rates, the market is poised to exhibit a 4.8% CAGR during the assessment period.

Sales of air transport MRO services witnessed a downturn in 2020 due to the travel restrictions imposed to contain the novel coronavirus outbreak. However, with resumptions in movement, the market experienced year-over-year growth by 5.0% between 2020 and 2021.

As the pandemic caused various airlines to park aircraft fleets for prolonged periods of time, the demand for air transport MRO services experienced upticks. This has created lucrative opportunities for players operating in the market.

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Apart from this, the emergence of connective technologies such as blockchain, cloud computing, and digital twins in aircraft maintenance will continue driving market growth during the forecast period. MRO service providers are benefitting from launching data-driven MRO solutions and the trend is anticipated to prevail in the forthcoming years.

As per FMI’s regional analysis, the U.S. is anticipated to dominate the North American air transport MRO market. Growth can be attributed to expansions in the aviation industry and stringent government regulations mandating the timely inspection of aircraft for maintenance. Additionally, the presence of leading MRO service providers and OEMs will continue driving developments in the air transport MRO market.

“Product developments by OEMs in collaboration with MRO service providers, coupled with expansion of the aviation industry in emerging economies will continue augmenting market growth through 2031,” says the FMI analyst.

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Key Takeaways:

  • Applications of air transport MRO in the engine segment are estimated to remain high through 2031.
  • Based on aircraft type, narrow-body aircraft will dominate the segment.
  • The U.S. is anticipated to experience high demand for air transport MRO services, owing to the presence of leading players and a vast military and commercial aviation fleet. The North American air transport MRO market is projected to grow at a 4.5% CAGR.
  • The U.K. will emerge as a lucrative market, owing to growing demand for MRO services in the VIP and private jet sectors. The European market is poised to expand at a 4.0% CAGR.
  • Demand for air transport MRO will rise at a positive pace in China, due to the addition of new airlines and aircraft fleets.
  • Japan and South Korea will collectively account for 4.8% of the total market share.

AAR Corporation, Air France Industries KLM Engineering & Maintenance, Delta TechOps (Delta Corporation Ltd, Hong Kong Aircraft Engineering Company (HAECO) Ltd, Lufthansa Technik AG, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Guangzhou Aircraft Maintenance Engineering Company Limited, Sabena Technics, Aeroman, Airbus SAS, and SIA Engineering Company (SIAEC) are among the air transport MRO market players, as profiled by FMI.

Top 5 players comprise Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Ltd, Air France–KLM, AAR Corp., and Lufthansa Technik AG, holding 11% of the total market share.

As a part of their growth strategies, prominent players operating in the global air transport MRO market are concentrating on mergers, collaborations, and acquisitions to expand their global footprint. For instance:

  • In May 2021, Lufthansa Technik and Airbus teamed up to offer customers with a reversible cargo-in-cabin solution to satisfy urgent flying and transport requirements easily.
  • In June 2021, Turkish Technic and Boeing announced the renewal of their tailored package parts agreement, extending the MRO service providers’ contract by three years. The contact will allow Turkish Technic to reinforce its reliability, efficiency, and access to a global market of parts and component services.

Air transport MRO Market by Category

By Application Type: 

  • Airframe
  • Engine
  • Component
  • Line

By Aircraft Type:

  • Narrow Body Aircraft
  • Wide-Body Aircraft
  • Regional Jet
  • Turbo Prop

By Region: 

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

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Key Points Covered in Air Transport MRO 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 Air Transport MRO Market and how to Navigate
  • Recommendation on Key Winning Strategies

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Automotive Head-up Display Market : As per recently updated report by Future Market Insights (FMI), the automotive HUD market valuation is forecast to reach US$ 563 Mn by the end of 2021. The global automotive HUD market is expected to exhibit an impressive 11.5% y-o-y growth owing to high demand for modern safety system and increase in sales of electric vehicle.

Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Report: https://www.futuremarketinsights.com/reports/global-air-transport-mro-market
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Air Suspension Systems sales will accelerate at the rate of 6.7% CAGR in next ten years 2021-2031| Key Top Players- Flo Airride Mfg., Flo Airride

Future Market Insights (FMI) in its latest market analysis estimates that air suspension systems sales will accelerate at the rate of 6.7% CAGR in next ten years, reaching market valuation of US$ 4.6 Bn through 2021 & beyond.

Growing application of heavy trucks for construction activities, logistic and e-commerce industries across China, the U.K., Germany and Japan will bolster the demand of air suspension systems across the globe.

As per the FMI’s analysis, the air suspension systems sales across South Korea and Japan are set to expand at over 4% in 2021. Heavy trucks are anticipated to account for over 54.1% volume share in 2021. Further, trailers segment is estimated to have accounted for nearly 32.1% volume share by the end of 2021.

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Sustainability concerns have pushed the adoption of electric vehicles, accelerating the demand of electric buses as public transport across the globe. Hence, with increasing production of commercial vehicles, the market is expected to propel over the coming years.

FMI estimates that the air suspension systems market will experience a year-on-year growth rate of 5.6% in 2021.

Amid surging competition, the top five players, comprising Saf-Holland, Hendrickson USA LLC, BPW Group, Guangdong Fuwa Engineering Group Co., Ltd., and TMC Australia are expected to account for 40% of air suspension systems market in 2021

Key Takeaways from FMI’s Air Suspension Systems Market Study

  • In terms of vehicle type, heavy truck will lead the segment through 2021 & beyond on the back of increasing construction activities across Germany, the U.S., and China
  • OEMs are expected to be the preferred sales channel over the aftermarket players, accounting for over 86.4% value share in 2021
  • Germany is anticipated to spearhead the growth across Western Europe owing to the surging commercial vehicle production across the country
  • The U.S is accounted to be one of the most lucrative market across the globe with increasing demand for luxury buses
  • India and China will lead the growth of air suspension systems across South & East Asia during the forecast period
  • U.K. will emerge as a highly lucrative market across Europe owing to the increasing construction activities and surge in production of heavy duty vehicles

 “Increasing demand for luxury buses across the globe, especially within Germany, China and India, coupled with expansion of construction industry will propel the demand of air suspension systems, widening growth opportunities for the market players,” says the FMI analyst. 

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Competitive Landscape

Prominent players operating in air suspension systems market are focusing on expansion of their customer base through product innovation and new launches.

Increasing need for air suspension systems have urged the key players to form strategic alliance with regional distributors. Partnerships with suppliers and aftermarket players will provide incremental opportunities for the key players.

In January 2021, air suspension specialist, Air Lift Company, announced the acquisition of air tank manufacturer Flo Airride Mfg., Flo Airride. Through this acquisition, Air Lift Company will provide air suspension products to lower their vehicles along with the customization of the product.

Tenneco Inc., a global supplier of clean air products and systems, in 2018, announced the launch of CVSA2 semi-active suspension technology, Monroe® Intelligent Suspension, originally developed for the use of sports car, have been adopted for the SUVs and off-road vehicles.

Air Suspension Systems Market by Category

By Vehicle Type:

  • Buses & Coaches
  • Trailers
  • Heavy Trucks

By Sales Channel:

  • OEM
    • Electronic Operated Systems
    • Non Electronic Operated Systems
  • Aftermarkets
    • System
    • Components

By Region:

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

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Key Points Covered in Air Suspension Systems 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 Air Suspension Systems Market and How to Navigate
  • Recommendation on Key Winning Strategies

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Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Air-Suspension-Systems-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Air-Suspension-Systems-Market

Automotive Sensors Market sales at 7.2% CAGR throughout the forecast period from 2021 to 2031.

The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic.

NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly 30% of global market share in 2021.

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Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotive sensors in upcoming years.

Advancement in the field of transport management system and incorporation of smart sensors in advanced driver-assistance systems will create attractive prospects for the expansion of the market.

Truck platooning is an emerging area of application for automotive sensors. In truck platooning, automated driving support and connectivity technology work in sync and are controlled by central operating system. All trucks are connected to leader trucks and rest of platoon adapts their movement according to leader truck. This will increase ADAS penetration in trucks.

Governments in developed economies are mandating the installation of safety sensors in passenger and commercial vehicles to curb the rise in number of road accidents and related fatalities. This will significantly contribute to the overall growth of the automotive sensors market.

Manufacturers are working towards avoiding overheads by reducing the number of product recalls and satisfy consumer demand of modern warning alert system and safety feature in compact cars.

Advancement in the crash prevention technologies like vehicle-to-vehicle communication, traction control system, active kinematics control with integrated brake control, and automated braking system will boost demand for automotive sensor in upcoming years.

Key Takeaways from FMI’s Automotive Sensor Market Study

  • Driven by increasing sales of electric vehicles and presence of leading original equipment manufacturers in U.S., North America market will expand at 4.7% CAGR over the forecast period.
  • European automotive sensor market will grow at a healthy CAGR of 6.5% backed by increasing demand of European luxury cars across the globe and rising production of electric cars in the region.
  • Japan and South Korea will collectively account for around 9.1% of global market share in 2021.  Surge in research and development activities in these countries towards miniaturization of automotive sensors will drive the market growth in these countries.
  • India will offer lucrative opportunities for market growth, as it is the fastest growing economy in the world. Increasing demand for passenger cars and rise in consumer spending on enhanced safety features will boost the sales of automotive sensors in India.
  • Safety sensor is the fastest growing sensor type segment owing to imposition of stringent vehicle and driver safety regulation and increasing demand for luxury and convenience in automobiles.

“Increasing investment in automating vehicles and installing smart technologies in critical safety systems to improve safety standards will boost the demand of automotive sensors in the forthcoming years,” says the FMI analyst.

For instance, in July 2021, Samsung launched its first ISOCELL image sensor specifically designed for automotive applications. Samsung aims at becoming global leader in image sensor sector  and capture maximum market share in upcoming years.

In 2020, AMS introduced two new position sensors the AMS AS5147U and the AS5247U for high-speed electric motors to promote car electrification initiative. These new position sensors are expected to reduce the system cost and boost the electrification of critical vehicle functions like as power steering, active damper control, and braking.

Bridgestone recently developed new “Smart Strain Sensor” technology for autonomous vehicles integrated with next-gen internet of things (IoT) capabilities.

Prominent players operating in the automotive sensor market are:-

  • NXP Semiconductors N.V.
  • TE Connectivity
  • Continental AG
  • Denso Corporation
  • Robert Bosch GmbH.

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Key Segments Covered in Automotive sensors Market Study

Sensor Type:

  • Position Sensors
    • Clutch Position Sensors
    • Gear Position Sensors
    • Throttle Position Sensors
    • Crankshaft Position Sensors
    • Steering Angle Position Sensors
    • Camshaft Position Sensors
  • Safety Sensors
    • Seat Belt Sensors
    • Brake Switch Sensors
    • Door Switch Sensors
    • ADAS Sensors
      • Blind Spot Detection
      • Night Vision Sensors
      • Light Sensors
      • Parking Sensors
      • Cruise Control
    • Impact Sensors
    • Anti-theft Sensors
    • Knock Detection Sensors
  • Level Sensors
    • Fuel Level Sensors
    • Coolant Level Sensors
    • Oil Level Sensors
  • Oxygen Sensors
  • Pressure Sensors
    • Tire Pressure Sensors
    • EGR Pressure Sensors
    • Airflow Rate Sensors
  • Temperature Sensors
    • Engine Coolant Temperature Sensors
    • Rain/humidity Sensors
    • Oil/Fuel Temperature Sensors
    • Battery Temperature Sensors
    • Air Temperature Sensors
  • Speed Sensors
    • Wheel Speed Sensors
    • Speedometer

Vehicle Type:

  • Passenger Cars
    • Compact
    • Midsize
    • Luxury
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel:

  • Original Equipment Manufacturers
  • Original Equipment Supplier Spare Parts
  • Independent Aftermarket

Region:

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

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Top Reports Related To Automotive Market Insights

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 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.

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, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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Advanced Driver Assistance System (ADAS) Testing Equipment Market to expand at an impressive 12.10% CAGR through 2031

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

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

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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.

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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Automotive Repair and Maintenance Services Market : According to a new report published by Future Market Insights titled “Automotive Repair and Maintenance Services Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026”, the global automotive repair and maintenance services market is estimated to reach a market valuation of US$ 441.3 Bn by 2016 end, witnessing a 5.6% CAGR between 2016 and 2026. Automobile dealership owners will continue to hold dominant share in the global automotive repair and maintenance services market accounting for over 25% share of the total market by the end of 2016.

Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/advanced-driver-assistance-systems-market
Press Release Source: https://www.futuremarketinsights.com/press-release/advanced-driver-assistance-systems-market

 

Rubber Tracks for Defense & Security Market is poised for a CAGR of 3.9% over the assessment period and will reach US$ 144.5 Mn by 2028 end

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

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Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/rubber-tracks-for-defense-and-security-market
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Automotive Seat Heater 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

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 2013–2021 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.

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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.

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.

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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, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Automotive-Seat-Heater-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Automotive-Seat-Heater-Market

Automotive Windshield Washer System Market to grow with a year on year growth of 5.7% in 2022 reaching a value of about US$ 19 Bn by 2022 end

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 2017 and 2026.

A steady growth has been foreseen for the global automotive windshield washer system market over the forecast period, 2017 to 2026, by a new insightful report of Future Market Insights. Worldwide sales of automotive windshield washer systems are evaluated to close in on approximately US$ 25,000 Mn revenues by 2026-end.

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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.

Top Reports Related To Automotive Market Insights

Advanced Driver Assistance System (ADAS) Testing Equipment Market : 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.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the 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).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Automotive-Windshield-Washer-System-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Automotive-Windshield-Washer-System-Market