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ESOMAR-certified consulting firm Future Market Insights’ report, projects the global OHV telematics market to record growth at 15.40% CAGR over the forecast period of 2021 and 2031.

Growing demand from construction industry is accelerating OHV telematics sales across the globe. Demand for OHV telematics is rising extensively in emerging economies as are becoming more aware for the vehicle safety.

Increasing application within rental equipment companies, mining industry and for safety & security of vehicles will continue creating sales opportunities. As per the FMI’s analysis, despite the slight setback due to the pandemic, the global OHV telematics market registered the Y-o-Y growth at 14.50% CAGR during 2020-2021.

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Steady recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the adoption of telematics within the off highway vehicles.

Stringent regulations for the vehicle safety across the U.S., Germany, India, China and the U.K. is also expected to improve the adoption of OHV telematics over the coming years.

According to the FMI’s analysis, the global OHV telematics market reached a valuation of US$ 424 Mn in 2021.

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Key Takeaways from FMI’s OHV Telematics Market Study

• By end-use application type, construction segment will emerge as primary OHV telematics end-user, accounting for 64.4% market share.
• In terms of sales channel, original equipment manufacturers are the most preferred over the aftermarket service providers, exhibiting growth at over 11.4% CAGR
• In terms of technology type, cellular technology will cement its dominance during the forecast period, expanding at 11% CAGR
• The U.S. will emerge as the leading market across North America backed by the high demand within the construction industry
• Japan and South Korea will collectively account for over 6% of global market share over the forecast period
• Germany and the U.K. are anticipated to lead the Europe’s OHV telematics market, exhibiting the growth at 10.20% CAGR
• Increasing application in precision farming will bolster the demand of off-highway vehicle telematics across India through 2021

“Growing consumer preference for advanced telematics technology in off-highway vehicles for usage in construction, mining and agriculture equipment has bolstered the adoption of telematics, generating lucrative prospects for market players,” says the FMI analyst. 

Competitive Landscape

TomTom International, Harman International, ORBCOMM Inc., Topcon Corporation, MiX Telematics, Navman Wireless, Omnitracs LLC, Wacker Neuson, Trackunit A/S and Zonar Systems Inc. among others are some prominent players operating in the OHV telematics market.

As per the FMI’s analysis, the market is dominated with top 5 players operating in OHV telematics market, accounting for 25% of market share. Top 5 players include, TomTom International, Harman International, MiX Telematics, ORBCOMM Inc., and Omnitracs.

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OHV Telematics Market by Category

By Sales Channel:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Technology Type:

• Cellular
• Satellite

By End-Use Application:

• Construction
  • Cranes
  • Dozers
  • Dump Trucks
  • Excavators
  • Loaders
  • Others
• Agriculture
  • Harvesters
  • Tractors
• Mining
  • Surface Mining Machinery
  • Underground Mining Machinery

By Region:

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

Key Points Covered in OHV telematics 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 OHV Telematics Market and How to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Repair & Maintenance Services Market : Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

Automotive Glass Market : The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles.

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.

The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

The rising passenger vehicle sales will remain a chief growth driver. In terms of vehicle type, passenger vehicle segment is forecast to remain dominant, accounting for over 70% of sales recorded in the market.

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Key Takeaways of Automotive Pump Market Study
• After a period of slow growth amid COVID-19, the automotive pump market sales is poised to recover, exhibiting nearly 6% Y-o-Y growth in 2021
• The demand from the U.S. will remain a chief growth driver as the country continues accounting for over 80% of sales registered in North America
• Increasing passenger vehicle production will support growth in the U.K., enabling it to register 3.5% Y-o-Y growth in 2021
• Within Western Europe, Germany, France, and Spain are expected to emerge as key pockets for sales
• While China will continue dominating APEJ on the back of booming vehicle production, the demand from India and South Korea will continue rising at a positive rate
• Japan will emerge as a highly lucrative market exhibiting positively rising sales through the forecast period

“The increasing demand for environment friendly vehicles aimed at curbing carbon emission is expected to provide an impetus to compact utility vehicle sales. Compact size, low fuel consumption and high performance of compact utility vehicles are key factors boosting their sales. This also will create attractive opportunities for automotive pump sales in the coming years,” said a lead analyst at FMI.

Who is winning?
The automotive pump market is a highly competitive. There is ample focus on innovations, research and developments by market players as they seek gaining competitive advantage. Some of the players are focusing to carve a niche for specific demography. Expansion of electric vehicle market is expected to boost sales of automotive pumps in the coming years. Companies operating in the market are therefore focusing on merger and acquisition to expand their footprint and product portfolio.

For instance:
• In October, Johnson acquired Stackpole International, a prominent engine & transmission pumps and powder metal components supplier.
• In October, Magna International’s powertrain manufacturing unit in Benevento, Italy, completed production of five million oil pumps for the Fiat 1.4-litre engine since 2005

Some of the leading players operating in the market are Delphi Automotive, DENSO Corporation, ZF TRW, Johnson Electric and Continental AG.

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Global Automotive Pump Market by Segments

Category
• Pump
o Fuel Supply Pump
o Fuel Injection Pump
o Transmission Oil Pump
o Conventional Engine Oil Pump
o Variable Engine Oil Pump
o Steering Pump
o Coolant Pump
o Windshield Washer Pump
o Vacuum Pump
• Sales Channel
o OEM
o Aftermarket
• Technology
o Electric
o Mechanical
• Vehicle Type
o Passenger Cars
o Light Commercial Vehicles
o Heavy Commercial Vehicles
o Two Wheeler

Country
• U.S
• Canada
• Brazil
• Mexico
• Rest of Latin America
• Germany
• Italy
• France
• U.K.
• Spain
• Benelux
• Rest of Western Europe
• Japan

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Top Reports Related To Automotive Market Insights

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,
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-pumps-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-pumps-market

Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global automotive wiring harness market. As per FMI’s analysis, the global automotive wiring harness sales are set to exceed US$ 48 Bn in 2021, whereas in the long-term, revenues will grow at 9.4%. FMI’s latest edition of the report reveals latest perspectives, along with a detailed analysis of how COVID-19 induced slowdown will impact future sales.

The COVID-19 pandemic crisis has severely affected the global economic growth, resulting in complete shutdown manufacturing activities and disruptions in the supply chain networks. However, automotive wiring harness market is expected to recover sharply as the economic activity resumes post the containment of pandemic.

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Key Takeaways
• Automotive wiring harness demand is driven by healthy demand from automotive production in countries such as Germany, China, Japan and France. Investments to reduce CO2 emission and increase passenger safety are propelling demand
• Leading automotive wiring harness manufacturers are focused on developing technologically advanced harnesses to improve safety and reduce downtime
• Increasing preference of end users towards use of efficiently operating vehicles with advanced HVAC wiring harness systems, sensors wiring harness and chassis wiring harness is expected to fuel the market growth during the forecast period
• East Asia and Europe is expected to lead the market in terms of market share owing to prevalence of major automotive wiring harness companies in the Germany and China. Furthermore, thriving development in the automotive industry in European countries such as U.K., France etc. results in substantial growth rate for the Automotive Wiring Harness demand growth

“Manufacturers are focused on developing new wires and cables which occupy less space and are lighter in weight with cost-efficient manufacturing techniques. Raw materials are also being blended to improve the features of the final product. In addition, increase in technology adoption, vehicle customization and various investments and merger strategies to expand their business can be attributed to rise in sales of vehicles which upsurge the automotive wiring harness market. These activities are augmenting the adoption of automotive wiring harness and creating positive prospects for the market growth.” says FMI analyst.

Competitive Landscape
The market is witnessing significant consolidation, in which the leading players account for more than half of the share. The diffusion of small regional players is expected to increase competitive intensity during the forecast period. Some of the key players in the market are LEONI Group, Samvardhana Motherson Group, Sumitomo Electric, Yazaki Group and Fujikura Ltd. These players have considerable hold over market share, and have longstanding relationships with a number of leading end users, giving them a competitive advantage.

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Key Segments
Product Type
• Chassis & Safety
o Conventional Chassis
o Semi-Forward Chassis
o Full Forward Chassis
• Body
o Roof
o Door & Window
o Facia
o Seat
o Interior
• HVAC
• Engine
• Sensors
Vehicle Type
• Passenger Cars
o Compact
o Mid-Sized
o SUV
o Luxury
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
o BEV
o PHEV
Sales Channel
• First Fit
• Replacement
Region
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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Key Questions Answered in the Report
Which is the most lucrative market for automotive wiring harness?
China currently leads the global market for automotive wiring harness. Sales in China will be over one fifth of total demand throughout the forecast period.
Which are the top-selling automotive wiring harness?
Chassis & Safety are highly sought-after in any vehicle production. The demand for Semi-Forward Chassis is expected to remain high in the near future, especially due to its proliferated usage across electric and conventional vehicles.
Which vehicle type remains lucrative for automotive wiring harness manufacturers?
Automotive wiring harness are widely used in passenger cars. Their usage in electric cars is anticipated to remain key factor impacting the overall market growth.

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
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
Press Release Source: https://www.futuremarketinsights.com/press-release/global-automotive-wiring-harness-market

Future Market Insights (FMI), in its latest report titled “Compaction Machines Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025”, has projected the global compaction machines market to expand at a steady CAGR of 6.2% in terms of revenue during the forecast period 2015–2025. The compaction machines market is estimated to reach US$ 3,444.3 Mn by the end of 2015, and 6,310.7 Mn by the end of 2025.

Increasing investment in infrastructure development and new road development and maintenance is fuelling demand for compaction machines globally. It is projected that the total investment in infrastructure activities would account between 3.5% and 4% of the global GDP by the end of 2030. Investment in road development and maintenance is forecasted to account for 28% of the total investment made between 2015 and 2025. Furthermore, focus on developing smart cities, runaways, and dams is further expected to boost demand.

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Product-wise, the market is segmented into heavy compaction machine and light compaction machine. Heavy compaction machines are further sub-segmented into single drum roller, heavy tandem roller, and pneumatic roller. Light compaction machines segment, is sub-segmented into light tandem roller, hand operated machines, and trench roller. As far as unit sales are concerned, the light compaction machines segment account for approximately 85% share of the overall market in terms of unit sales, and is likely to dominate the market by the end of 2025, with the rising adoption in footpaths, road, and highway maintenance.

Region-wise, Western Europe and Asia Pacific represented prominent markets for compaction machines globally in 2014. In terms of market value, the compaction machine market in developing countries of Asia Pacific is collectively projected to expand at a CAGR of 7.6%, with major Asian economies such as India and China playing a major role. However, in term of unit sales, Western Europe dominates with more number of unit sales in the light compaction machinery segment. The Asia Pacific region is expected to be the largest compaction machine market in terms of value by 2025 end, followed by Western Europe and North America.

As per the ongoing trend in the market, the intelligent compaction machines with display, sensors and telematics are being included in most of the key players’ product offerings.  Currently, the heavy compaction machinery’s rental penetration and secondary sales market is growing significantly. However, this trend is expected to pose a major challenge for new equipment sales.

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Market segmentation

The next section of the report analyses the market on the basis of products and presents the forecast in terms of value for all the years till 2025. Products covered in the report are as follows:

• Heavy compaction machines
  • Heavy tandem roller
    • 5-8 Tonne
    • 8-11 Tonne
    • > 11 Tonne
  • Single drum roller
    • 3-5 Tonne
    • 5-8 Tonne
    • 8-12 Tonne
    • 12-15 Tonne
    • > 15 Tonne
  • Pneumatic roller
  • Light compaction machines
    • Hand operated machines
      • Rammer
      • Vibratory plates (forward)
      • Vibratory plates ( reverse)
      • Walk behind roller
    • Light tandem roller
      • < 1.8 Tonne
      • 8-3 Tonne
      • 3-5 Tonne
    • Trench roller

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The next section of the report analyses the market on the basis of region and presents the projection in terms of value for the forecast period. The global compaction machine market report covers the following regions:

Key Regions covered:

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Western Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
• APEJ
  • China
  • India
  • Australia & New Zealand
  • ASEAN
  • Rest of APAC
• Japan
• MEA
  • GCC Countries
  • Turkey
  • South Africa
  • North Africa
  • Rest of MEA

Key companies in the compaction machines market include XCMG Co. Ltd, Wacker Neuson SE, Terex Corporation, Atlas Copco, Volvo Construction Equipment – Volvo CE, Caterpillar Inc., BOMAG GmbH, Zoomlion Heavy Industries Science and Technology Co Ltd, Wirtgen Group and Sany Heavy Industries Co Ltd. Currently, global players account for over two-thirds of global revenues, however, in the future, new entrants to the market are expected to gain traction.

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.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

According to ESOMAR-certified Future Market Insights’ (FMI) latest research report, in 2021 the automotive HUD market grew by 11.5% year on year, bucking initial scepticism about how the market would perform during a global pandemic. As per the study, the global automotive HUD market is anticipated to grow at around 14.4% CAGR throughout the forecast period from 2021 to 2031.

Vehicle crash accidents are one of the leading causes of deaths across the globe. Increasing urbanization and high sales of automotive vehicles has led to spike in road accident related deaths in emerging countries like India. As per the Ministry of Road Transport and Highway, in 2019, 449,002 accidents took place in India leading to 151,113 deaths and 451,361 injuries.

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Leading market players are developing low cost and compact automotive head-up display systems to promote and enable safer driving experience, reduce the number of road accidents, and improve the safety of driver and passenger in the vehicle. This factor is expected to increase the sales of head-up displays over the forecast period.

For instance, Jaguar Land Rover is currently developing its next-gen 3D head-up display technology which will offer a personalized experience to the driver and will also allow everyone in the vehicle to independently select their own infotainment. The developed HUD will beam real-time safety information in front of the driver and passengers can stream 3D movies directly from their seats.
Increasing government investment in developing electric vehicles and surge in demand for electric vehicles in emerging economies along with strict regulation implemented by developed countries regarding safety standards of automobile will fuel the growth of the automotive HUD market.
Growing awareness regarding reducing carbon emission and increasing efforts to reduce traffic congestion will promote the sales of electric vehicle. This is expected to positively influence the growth of the automotive HUD market.

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Key Takeaways from FMI’s Automotive HUD Market Study

• U.S is anticipated to lead the automotive HUD market, showcasing the growth of 13.6% CAGR in 2021. The growth can be attributed to rise in car accidents and demand for advance navigating system in the region.
• Europe automotive HUD market is forecast to grow at 12.8% CAGR backed by presence of leading original equipment manufacturers in the region along with increasing demand for European luxury vehicles across the globe.
• Japan and South Korea will collectively account for around 13% market share in 2021 due to presence of automotive giants like Toyota and Hyundai and increasing investment from these companies towards developing compact HUD.
• Rapid advancement in the electric vehicle section along with increasing focus on modernizing the navigation system will boost the automotive HUD market in India during the forecast period.
• Combiner HUD is experiencing high demand owing to its low cost and its sales is expected to grow at more than 19% CAGR from 2021 to 2031.
“Increasing investment in research and development of compact automotive head-up display system (HUD) and integration of artificial intelligence and remote sensing with HUD will create lucrative opportunity for market growth,” says the FMI analyst.

Competitive Landscape
Leading market players are focusing on exploring opportunities offered by emerging economies like China and India. New product launches are in the card as market players seek to expand their product portfolio and strengthen footprint.

Market players are also working towards introducing artificial reality (AR) based head-up display and ultra thin HUD to gain the competitive edge in the market. For instance, Continental AG developed its first ultra-compact, high-performance head-up display (HUD) in 2019. The new HUD is ideal for cockpits with limited installation space and provides accurate information in the driver’s field of vision, making it highly safe to use.

Similarly in April 2021, Hyundai introduced its new electric car “IONIQ 5” equipped with head-up display (HUD) with augmented reality (AR) mode. The augmented reality coverts the vehicle’s windshield into a display screen where driver can get information like turn-by-turn navigation, advanced safety and the car’s surroundings nearly 4 feet (44 inches) in front of their line of sight on the road.

Key Segments Covered

By Product Type:
• Windshield
• Combine

By Technology:
• Augmented Reality
• Conventional

By Vehicle Type:
• Midsize
• Luxury
• Sports Utility Vehicle
• Commercial Vehicle

By Dimension:
• 2D
• 3D

By Sales Channel:
• Original Equipment Manufacturers (OEM)
• Aftermarket

Key Regions Covered:
• North America
• Latin America
• Europe
• South Asia and Pacific
• East Asia
• Middle East & Africa (MEA)

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Prominent players operating in the automotive HUD market are:-
• Continental AG
• Denso Corporation
• Nippon Seiki Co., Ltd.
• Visteon Corporation,
• Delphi Automotive LLP
• Garmin Ltd.
• MicroVision, Inc.
• LG Display Co., Ltd.
• Hyundai Mobis
• KYOCERA Corporation
• Harman International
• Panasonic Corporation
• Robert Bosch GmbH
• Valeo
• JVCKENWOOD Corporation

Key Points Covered
• Market estimates and forecast 2015-2031
• 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 HUD Market and How to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights
Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).
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,
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-hud-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-hud-market

Future Market Insights (FMI) sees impressive prospects for automotive aftermarket in APEJ. It has forecast the market to US$ 254.5 Bn by the end of 2031. Auto-components are subjected to abrasions and wear-outs by end use. Hence the need of repair and replacement of automotive components in existing vehicles has created an aftermarket system, consisting of multiple vendors providing the respective components. The type of vendors range from tier-1 multinational to small scale domestic vendors. Several factors such as expansion of the auto-components industry and the penetration of aftermarket services are anticipated to drive the APEJ automotive aftermarket during the forecast. FMI has projected sales of automotive parts to account for leading share of the market. According to the report, segment comprising parts will account for over 65% of the market in 2021.

The APEJ automotive aftermarket is expected to gain significantly from the advent of IOT enabled services. Since public transport will be reduced due to social distancing, demand for personal driving will surge. More miles driven indirectly will create opportunities for the aftermarket growth. Besides this, proliferation of electric vehicles will have positive impact on the market in the near future.

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Key Takeaways of Automotive aftermarket components Market Study

• APEJ automotive aftermarket is set to exhibit 7.1% CAGR between 2021 and 2031
• China being the largest automotive market in the world, is also expected to dominant share of 60.8% in APEJ
• India however is expected to exhibit higher growth. FMI has projected the India market to register nearly 7% Y-o-Y growth in 2021
• ASEAN will emerge as a highly lucrative market, rising at an accelerated pace through forecast period
• South Korea and Oceania will remain bright spots in APEJ automotive aftermarket

“The automotive aftermarket has been a profitable business since the last few years. Predictive maintenance programs and product performance monitoring have offered a value added proposition to the aftermarket products. Robust supply chain management has proven to be instrumental in establishing the business footprint for component manufacturers.”

Who is Winning?

The APEJ automotive aftermarket is a highly competitive market exhibiting presence of global as well as regional players. Companies operating in the market are focusing on innovations, launches, and strategic collaborations to gain significant impetus.

For instance:

1.  Nippon Paint inked partnership with HMSI, to authorize aftermarket paints and ancillary products in India, in June 2019
2. Bridgestone’s webfleet solutions enabled vehicle manufacturers to connect their vehicles to fleet management solutions. This allowed access to rich OEM data for customers to benefit from actionable, data-driven insights easily, eliminating the need for aftermarket hardware installations.

Some of the leading players operating in the market are Bosch, Denso Corporation, Continental AG and ZF.

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Some of the leading companies operating in the market are:

• Bosch
• Denso Corporation
• Hella KGaA Hueck & Co.
• Continental AG
• Delphi Automotive PLC
• 3M
• Aisin Seiki Co., Ltd.
• Bridgestone Corporation
• ZF Friedrichshafen AG
• Mahle GmbH

Key Segments

Category

• Parts
  • Tires
  • Batteries
  • Filters
  • Starters and Alternators
  • Lighting
  • Exhaust components
  • Spark Plugs
  •  Lubricants
  •  Collision body
  •  Wear and Tear Parts
• Accessories
  • Interior
  • Exterior
• Services
  • General automotive repair
  • Automotive transmission and others

Vehicle Type

• Passenger Cars
• Commercial Vehicles

Country

• India
• China
• South Korea
• Oceania
• ASEAN
• Rest of APEJ

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Scope of the Report

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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ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global APAC automotive telematics market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR of over 9% throughout the forecast period. Increasing production of passenger and commercial vehicles are spurring demand.

While the outbreak of the COVID-19 pandemic took a toll on the automotive industry, the recovery that started in last quarter of 2020 and increased production of commercial as well as passenger vehicles bolstered the growth of automotive telematics market.

With the increassing adoption of embedded systems in the commercial vehicles due to the government regulatory policies across Japan, China and India, the market is expected to witness significant gains over the coming years.

The latest revised edition of the report on automatic telematics market study by FMI forecasts a valuation surpassing a billion dollar mark through 2021. Trends such as software platform integration, adoption of cloud based technology, and integration of android operating systems are accelerating the demand of automotive telematics market across Asia Pacific.

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Key Takeaways from FMI’s APAC Automotive Telematics Market Study

• In terms of vehicle type, passenger vehicles are expected to remain dominant throughout the forecast period
• In terms of technology, embedded systems are expected to be dominant, through 2031
• On the basis of end-user, infotainment segment is anticipated to register a increasing demand through the forecast period
• China is expected to be the most lucrative market of APAC automotive telematics market

Competitive Landscape

Leading manufacturers are adopting artificial intelligence and big data science for new product launches and connected vehicles. Targeted collaborations and partnerships still remains the core strategy for many leading players to maintain a strong foothold in the industry.

In April 2021, Airbiquity, a global leader in connected vehicle services announced the expansion of a multi-year technology collaboration with NXP Semiconductors to pre-integrate and demonstrate efficient and highly scalable automotive software updates and data management for intelligent connected vehicles.

Also, another leading company, Harman International, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., focused on connected technologies for automotive, consumer and enterprise markets, announced the launch of new future-proof telematics solution. The HARMAN 5G-ready Telecommunications Control Unit (TCU) enables the scalable mobile network connectivity for connected cars using either the current 4G network infrastructure or the faster 5G network.

Some of the prominent manufacturers profiled by FMI includes Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom OY, Scorpion Automotive Limited, iTriangle InfoTech Pvt. Ltd., Minda Corporation Limited, Road Track and Microlise Limited among others.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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 Us:

Mr. Debashish Roy
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com