The automotive sector has emerged as one of the major beneficiaries of technological advancement in sensors, and is increasingly adopting different sensor types to upgrade the existing models from the viewpoint of safety and enhanced functionality. The global automotive industry has been experiencing a period of rapid growth and profitability in the past years, opening a wide array of opportunities for modernized technological innovations.
BIS Automotive analyses the latest disruption in the automotive industry and provides extensive market intelligence reports covering a wide spectrum of segments which are- Infotainment, Driver Assistance & Safety Systems, Alternative Fuel Technologies, Sensors and Electronics, Chassis, Body and Powertrain Systems, and Connectivity Technologies and Infrastructure market. Our in-depth global automotive market reports focus on the market estimations, technology analysis, emerging high-growth applications, and other important market parameters useful in the strategic decision making for senior management.
The comprehensive research by BIS Automotive helps clients in identifying new growth opportunities, revenue pockets and devising go to market strategies. Our team of experts and analysts examines the latest technological innovations and advancements in the automotive market, by deploying robust methodologies in order to collate and integrate insightful data points and narratives from primary and secondary research, proprietary models, databases and in-depth expert interviews to keep our clients abreast with the emerging technologies market.
The Automotive Intelligent Tire and Sensor Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 8.88% in terms of volume and 7.44% in terms of value during the forecast period from 2019 to 2024.
The blockchain in automotive and aerospace & aviation industry analysis conducted by BIS Research highlights that the market is projected to grow at a CAGR of 60.35% during the forecast period 2019-2029.
The global automotive thermoelectric generator market, in terms of value, is expected to be $XX million in 2022. It is expected to reach $XX million by 2028 with a CAGR of 12.43% during the forecast period 2022-2028.
The global automotive intelligent lighting market is expected to grow at a CAGR of 8.44% in terms of value during the forecast period 2018-2023. This growth can be attributed to the increasing demand for advanced active safety features such as adaptive headlights.
The global automotive LiDAR market is anticipated to grow at a CAGR of 29.60% during the forecast period 2018-2028. The high growth rate in the volume of LiDARs is predicted due to rising customer demand, extensive usage of LiDARs in high-level automated vehicles, and an anticipated decline in manufacturing prices of LiDARs after the commencement of mass production.
As per the supercapacitor technology market system, it is expected that post 2030, supercapacitor modules will be present in over 65% of new vehicle sales as an additional electric energy system to reduce the main battery pack and enhance the power delivery efficiency.
The global superfast transport system market is expected to be valued at $2,086.5 million in 2020 and is expected to reach $55,693.5 million by 2024, growing at a CAGR of 127.30% between 2020 and 2024.
The battery market for Battery Electric Vehicles (BEVs) held the highest share and accounted for 71.3% share in 2016, and is also expected to grow at a faster rate as compared to Plug-in Hybrid Electric Vehicles (PHEVs).
The global automotive telematics market is estimated to reach $17 billion by 2021. The market is driven by number of factors such as increasing safety and security regulations, rising disposable income, lower cost of connectivity, and increased market penetration rate of smart phones.
The automotive RBS in passenger cars held the highest share in the market in 2016 in terms of value and is also expected to grow at a higher rate as compared to commercial vehicles. The increase in deployment of RBS in the passenger cars is majorly attributed to the growing demand of electric passenger cars.
The global automotive navigation systems market generated $20,953.2 million in 2016; the market currently is being driven by the rising concerns towards the global problem of traffic congestion especially in urban areas and changing consumer behavior towards better in-dash features.
The global electric vehicles volume is estimated to reach 10.8 million units by 2026. The market is driven by a number of factors such as stringent governmental regulations in terms of emissions and fuel economy, growing demand for fuel efficient vehicles, and governmental initiatives such as tax benefits and subsidies to promote the sales of electric vehicles.
The global traffic jam assist systems market generated $1,081.8 million in 2016; the market currently is being driven by the need to find a solution to reduce the vehicle congestion on the roads. Additionally, introducing these systems on the civilian roads will help reduce accidents caused due to the human error.
The global ADAS and autonomous driving components market generated $2.76 billion in 2016. The global ADAS and autonomous driving components market is largely driven by increase in the number of automated vehicles.
The overall demand for automotive sensors is significantly growing owing to factors such as increasing demand for luxury cars and stringent governmental regulations on automobile safety and emissions. Moreover, increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic is a major factor responsible for enhancing the global growth of the market.
The report defines and estimates the market size and future growth potential of automotive adaptive lighting market and automotive lighting market. The global automotive adaptive lighting market is estimated to reach $1.49 billion by 2023.
The global automotive LiDAR market was anticipated to be $65 million in the year 2016. Due to increasing number of automated vehicles and anticipated decrease in manufacturing price of LiDAR systems, these factors are expected to drive the automotive LiDAR market at a double digit CAGR in the time period 2017-2027.
The global in-vehicle infotainment market was worth $33.78 billion in the FY2016 and is expected to grow at a high rate during the forecast period of 2016-2022. Developed countries currently have a higher penetration rate of infotainment systems and services whereas emerging economies hold the largest potential in terms of market growth.
The report defines and estimates the market size and future growth potential of the ITS market across different transportation modes such as roadways, railways, airways, and marine. The global ITS market is estimated to reach $72.32 billion by 2022.
Automobiles are one of the most important components of the transportation system, and have emerged as an essential necessity for every individual in the modern times. This factor contributes primarily to the increase in number of vehicles on the road at present, and therefore, leads to an increase in the number of accidents and road congestion.
The global automotive aftermarket is forecast to grow at a healthy CAGR of 8% as improved global economic conditions prompt consumers to buy new vehicles and replace older vehicles with new fuel-efficient models are growing in the market.
The automotive fuel injection systems market is estimated to reach $58.42 billion by 2022. The market is driven by factors such as increasing demand for fuel efficient vehicles and stringent government regulations on vehicle’s fuel economy and emission.
The Fuel Cell market is estimated to grow by a healthy CAGR of 43% from 2016 to 2022, owing to large scale power projects, CHP applications, rising production of fuel cell cars with hydrogen tanks, development projects for fuel cell powered light commuter trains, replacement of combustion engine public bus fleet with fuel cell powered buses and trams.
The automotive brakes market is estimated to reach $24.81 billion by 2022. In terms of value, the autonomous emergency braking systems was estimated to generate $2.56 billion globally, in the year 2015.
The market is estimated to witness a growth at a CAGR of 3.2% over the period of 2016 to 2022. The report is a compilation of various segmentations including market breakdown by product type, vehicle type, and different geographical regions.
The market is estimated to reach $55.97 billion by 2022 at a CAGR of 21.1% between 2016 and 2022. Growing awareness about driver safety, decreasing cost of connectivity, increasing market penetration rate of smartphones, and stringent automotive safety regulations are some of the reasons fueling the market growth.
The global commercial vehicle sensor market is estimated to reach $6.76 billion by 2022 at a CAGR of 6.7% through the forecast period, owing to the factors like low cost, continuous product development, and easy- to- use micro-controller platforms.
The market is estimated to reach $2.6 billion by 2022 at a CAGR of 10.6% through the forecast period. Emerging technologies, growing awareness about driver safety, and stringent automotive safety regulations are some of the reasons fuelling the market growth.
The global Steering Market is estimated to witness a gradual growth at a CAGR of 2.8% over the period 2016 to 2022. This growth is expected due to a low rate of proliferation of EPS in commercial vehicles and steer-by-wire technology.
Advanced Driver Assistance Systems (ADAS) has become an essential constituent in the automotive systems nowadays. ADAS is one of the segments in automotive industry with a high growth potential. ADAS comprise of systems with efficient and advanced technologies that provide autonomy to the vehicles and assist the driver in driving the vehicle safely.
With increasing focus on safety and comfort , the number of sensors going into the automotive is ever increasing. For example, temperature sensors are used in body electronics for interior and ambient temperature and in chassis for coolant temperature control.
This upcoming market intelligence report on Indian EV, EV Batteries, and EV Charging Infrastructure Market will include market analysis and forecast for 11 years (2019-2030). This report will be published by Oct 31st, 2019.