Rahul Gautam

  • Automotive Embedded System Market 2019 Business Report

    The global automotive embedded system market is anticipated to observe an extensive growth in the coming years, due to growing trend of vehicle electrification and automation, growing demand for safety and comfort features in automobiles, and government stringent regulations for automobile emission in many countries. In addition, increasing demand for electric and hybrid vehicles is also fuelling the demand for embedded systems in automobiles. Furthermore, advancement in hardware and software technologies in recent years is further expected to boost the growth of the market in the near future.

    On the basis of component, the automotive embedded system market is categorized into sensors, microcontrollers, transceivers, and memory devices. Sensors are expected to be the largest category during the forecast period. However, on the basis of application, safety and security is expected to be the largest category in the market. Mandatory regulation for installation of safety features in automobile such as electronic brake-force distribution (EBD) system, tire pressure management system (TPMS), airbag, antilock braking system (ABS), and electronic stability system is expected to drive the market of this category during the forecast period.

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    Growing trend of autonomous vehicle is one of the key opportunities for vendors operating in the automotive embedded system market. In recent years, many automakers, tech companies, telecom providers, software start-ups, research institutions, insurance companies, and others have joined forces to accelerate the growth and development of autonomous vehicles. For instance, in 2016, General Motors has invested $500 million in Lyft, an on-demand transportation company based in the U.S., to expanded its research and development (R&D) with Mobileye, Honda, and Volkswagen. Similarly, Ford Motor is collaborating with Google, Amazon, and AT&T, for the development and promulgation its SmartDeviceLink software. Also, Toyota Motor expanded its five-year telematics partnership with Microsoft and invested $1 billion into R&D in 2016.

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    Automotive Embedded System Market Competitive Landscape

    Major key players operating in the global automotive embedded system market are Intel Corporation, Continental AG, DENSO Corporation, Delphi Technologies PLC, Harman International Industries Inc., Panasonic Corporation, Infineon Technologies AG, National Instruments Corporation, Atmel Corporation, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, NXP Semiconductors NV, Robert Bosch GmbH, Texas Instruments Inc., and Toshiba Corporation.

  • published Autonomous Vehicle Market Boom in Submit Content 2019-09-18 03:23:18 -0700

    Autonomous Vehicle Market Boom

    The global autonomous vehicle market has observed considerable technological development in the recent years, due to which the demand for these vehicles are gaining pace. Rising focus on vehicle safety backed by governments’ regulations to incorporate safety features in vehicle will aid the growth of the market. In addition, growing vehicle sharing market, coupled with increasing customers’ requirement for ease in driving is further expected to benefit the growth of the market.

    On the basis of level of automation, the autonomous vehicle market has been categorized into semi-autonomous and fully autonomous.

    The autonomous vehicles are currently recognized under five levels of autonomy, ranging from Level 0 to Level 5. The autonomy levels from 1 to 3 comes under semi-autonomous category and Level 4 and Level 5 are considered as fully autonomous vehicles. The highest level of autonomy achieved till date is Level 3, whereas Level 4 autonomy is expected to be introduced to customers by 2021. Furthermore, Level 5 autonomous vehicles may take time and might get introduced in mid-2025s.

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    Geographically, North America dominated the autonomous vehicle market, in terms of volume, during the historical period. Technological advancement in the region along with major technological innovators such as Microsoft Corporation, Google LLC, and Aptiv PLC, which are significantly investing in research and development, and testing of technologies of autonomous vehicles and for commercializing them, is a key driver to propel the market for autonomous vehicles in the region.

    Autonomous vehicle technologies have capabilities to significantly affect safety, congestion, and energy use. For instance, there were around 34,200 fatal automobile crashes in the U.S. in 2017, which led to about 37,000 deaths. The use of autonomous vehicles can vividly reduce the number of automobile crashes and offer customers’ safety.

    For instance, in 2016, General Motors capitalized $500 million in Lyft Inc., an on-demand transportation company based in the U.S., to expand its research and development (R&D) with Honda Motor Company Ltd., Volkswagen AG, and Mobileye Vision Technologies Ltd. Similarly, in 2016, Toyota Motor Corporation also prolonged its five-year telematics partnership with Microsoft Corporation and invested $1 billion into its R&D.

    Major automakers in the global autonomous vehicle market are General Motors, Ford Motor Company, Nissan Motor Company Ltd., Toyota Motor Corporation, Bayerische Motoren Werke AG (BMW), and Volkswagen AG.; and the major technology providers are Google Inc, Intel Corporation, and Apple Inc.

  • Automotive Night Vision System Market Size, Opportunities and Forecast to 2025

    The global automotive night vision system market is expected to witness considerable growth during the forecast period 2019–2025, on account of the increasing focus of automotive companies on the addition of advanced safety features in vehicles, rising sales of passenger cars, and ongoing research and development with respect to the night vision technology. Furthermore, the growing demand for advanced driver-assistance system (ADAS) is a major factor driving the market growth.

    Automotive night vision systems facilitate safe driving by improving a driver’s visibility in poor weather conditions and darkness. These systems notify the driver about probable hazards on the road, which are otherwise not clearly visible. The market demand for these systems has considerably increased in recent years owing to the road safety feature offered by the night vision technology, which has also been the focus of governments and automotive manufacturers in several countries for many years.

    On the basis of technology, the automotive night vision system market has been categorized into active and passive systems. Between the two, active systems are expected to witness higher demand during the forecast period. Comparatively low price and production of sharper images are the key factors resulting in their increased installation in new vehicles. Major automobile manufacturers offering active night vision systems in their vehicles include Toyota Motor Corporation and Daimler AG.

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    The automotive night vision system market has also been categorized into passenger cars and commercial vehicles. Of the two, the passenger car category is expected to witness faster growth in the market during the forecast period. Automobile manufacturers are increasingly equipping passenger cars with night vision systems for enhanced driving experience through increased visibility to further help reduce the chances of road accidents. Besides, increasing competition in the automotive industry is encouraging manufacturers to upgrade their products with advanced safety features, which is further boosting the market for this category.

    Geographically, Asia-Pacific led the automotive night vision system market in 2018, followed by Europe and North America. The presence of a large vehicle manufacturing base, especially in China, and the growing demand for advanced safety features in vehicles are some of the key factors contributing to the market growth in the region.

    The demand for automotive night vision systems is rising across the world, primarily because of the benefits offered by these systems in terms of driver safety and accident prevention. Increasing concerns over road accidents, particularly at night, have propelled the demand for these systems globally. Due to its ability to perceive surroundings beyond the headlights of a vehicle, a night vision system helps in improving the perception of the driver in low visibility conditions.

    Advancements in 3D-supported automotive night vision systems can be viewed as a key opportunity for the players in the market. Light detection and ranging (LiDAR)-based night vision systems create a 3D image of the surroundings with the use of laser pulses. Automotive manufacturers are currently working on this technology for its further incorporation in vehicles. For instance, Ford Motor Company is already in the process of developing LiDAR-based 3D night vision systems that guide laser pulses for scanning the vehicle’s surroundings and creating a 3D image of the road. Thus, the technology can be leveraged by automotive night vision system market players for increased customer base and market share.

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    Automotive Night Vision System Market Competitive Landscape

    The global automotive night vision system market is highly consolidated in nature. Some of the key market players are DENSO Corporation, Autoliv Inc., Magna International Inc., HELLA GmbH & Co. KGaA, L3 Technologies Inc., FLIR Systems Inc., and OmniVision Technologies Inc.

  • Automotive Radar Market Demand and Industry Growth Analysis, 2016–2023

    Automotive radar are headway sensors that is used to locate other vehicles and objects in the vicinity of the system, where it is installed. It consists of a transmitter and a receiver. The transmitter transmits radio waves that hit an object and return back to the receiver. The steerable antennas receive signal from different direction and detect various objects, speed, distance, and direction. Major application of automotive radar includes blind spot detection (BSD), forward collision warning systems (FCW), adaptive cruise control (ACC), and autonomous emergency braking (AEB).

    According to a report published by P&S Intelligence, the automotive radar market is projected to grow at a high rate and its market value is expected to reach 4 times of what it was in 2016. The market growth is mainly driven by the growing focus on vehicle safety systems coupled with increasing vehicle production and sales, especially premium and luxury vehicles. Active government initiatives for increasing vehicle safety are expected to boost the market growth. Furthermore, with the decrease in radar prices, it has become possible for automakers to incorporate these safety systems in mid-priced vehicles. Thus, the market is expected to gain momentum in the coming years, driven mainly by the growing sales of mid-priced passenger cars.

    Geographically, North America is projected to witness a significant growth in the automotive radar market during the forecast period owing to the rising commercial vehicles sales. For instance, According to Organisation Internationale des Constructeurs d’Automobiles (OICA), U.S. and Canada commercial vehicles sales increased by 6.4% and 7.8% respectively in 2016 over the previous year. The market is currently influenced by the regulatory developments such as making automatic emergency braking as a standard feature for all vehicles by 2022.
    The United States Federal Communications Commission (FCC) is set to approve the petition, which supports the use of the 79 GHz band for short range radar in the U.S. Similar proposal is projected to be set by the Canadian automotive industry. In addition, the region is an early technology adopter owing to its active R&D initiatives. For instance, according to Auto Alliance, the U.S. approximately accounts for 18% of the overall automotive R&D expenditure.

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    The key players in the automotive radar market are Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Valeo SA, NXP Semiconductors N.V., HELLA KGaA Hueck & Co., Texas Instruments Incorporated, Autoliv Inc., and ZF Friedrichshafen AG.

  • Automotive Window and Sealing Systems Market Size, Opportunities and Forecast to 2025

    The global automotive window and exterior sealing systems market is witnessing growth on account of the growing vehicle manufacturing industry. Continuous efforts by original equipment manufacturers (OEMs) to make vehicles fuel-efficient by using advanced polymers in the manufacture of automotive window and sealing systems is also helping in this regard. According to P&S Intelligence, the market is projected to reach $38.7 billion by 2025, witnessing with a CAGR of 7.6% during the forecast period (2018–2025).

    Waist belt seal, glass run channel, roof ditch molding, and hood seal are some commonly used products for sealing individual automobile components. For better understanding, the automotive window and sealing systems market has been segmented by component, material, application, end use, and region. The material segment is further categorized into ethylene propylene diene monomer (EPDM), thermoplastic elastomer (TPE), thermoplastic vulcanizer (TPV), and others. Among these, EPDM held over 85% market share in 2017 in terms of sales volume; however, systems made of TPE and TPV are being increasingly bought owing to their high heat and chemical resistance.

    In view of this, electric vehicles are also expected to provide OEMs with a lucrative opportunity for growth. Presently, a considerable number of people are apprehensive about e-cars because of the range limitations of these vehicles. Therefore, manufacturers are working actively towards making these vehicles lightweight to increase their fuel economy and thereby the range. Hence, the growing use automotive window and sealing systems made from lightweight polymers is expected to aid in the automotive window and sealing systems market progress in the near future.

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    Thus, it can be concluded that the rising demand for fuel-efficient vehicles and growth in the automotive industry are driving the domain globally.

    Competitive Landscape

    Some of the key players operating in the global automotive window and sealing systems market are Cooper-Standard Holdings Inc., Magna International Inc., MINTH Group Ltd., PPAP Automotive Limited, DURA Automotive Systems, TOYODA GOSEI Co. Ltd., Lauren Manufacturing Company, Henniges Automotive, and Hutchinson.

  • Automotive Head-Up Display Market Business Analysis, and Growth Forecast to 2025

    The global automotive head-up display market is expected to observe significant growth during the forecast period 2019–2025, on account of the increasing demand for the advanced driver-assistance system (ADAS) in vehicles for improved driver safety and enhanced driving experience. Furthermore, the rise in adoption of autonomous and connected vehicles is expected to benefit the market for head-up displays in the near future.

    The automotive head-up display market has also been categorized into augmented reality and conventional technologies. Of the two, the conventional head-up display technology is expected to hold the larger market share in 2025. Furthermore, among different vehicle types, which include internal combustion engine (ICE), plug-in electric vehicle (PEV), and hybrid electric vehicle (HEV), the PEV category is expected to witness the fastest growth in the market during the forecast period. This can be mainly attributed to the growing demand and increasing government support for fuel-efficient and eco-friendly vehicles, especially PEVs.

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    Geographically, Asia-Pacific (APAC) is expected to be the largest revenue contributor in the automotive head-up display market during the forecast period, owing to the rising automobile production in the region and the growing adoption of combiner-projected head-up displays in mid-segment cars. Moreover, several American and European vehicle manufacturers have shifted their manufacturing plants in developing countries of the APAC region. Mid-segment cars are expected to be the key application area for the installation of head-up displays during the forecast period on account of the declining cost of these devices. Furthermore, the growth in the automotive industry in developing economies, such as China, Japan, and India, is expected to drive the automotive head-up display industry.

    The growing adoption of the ADAS system, supported by the government mandate on its incorporation in automobiles, is a key driver for the growth of the automotive head-up display market. Head-up display is one of the main components that are incorporated into the ADAS system for improved driving experience and vehicle safety. Government in many countries have, thus, passed regulations for the incorporation of the ADAS system in automobiles. These mandatory regulations are expected to benefit the market during the forecast period. In addition, growth in the automotive industry and increasing vehicle production across the world are expected to drive the market growth in the near future.

    The global automotive head-up display market is fairly competitive owing to the presence of several players. Key market players are increasingly investing in research and development to incorporate advanced features in head-up displays. Some of the leading vendors in the market are Robert Bosch GmbH, DENSO Corporation, Nippon Seiki Co. Ltd., Visteon Corporation, and Continental AG. Other important players in the industry include Panasonic Corporation, Yazaki Corporation, Harman International Industries Inc., Garmin Ltd., and MicroVision Inc.

  • Global Automotive Composite Market Business Overview

    The automotive composite market is driven by increasing demand for lightweight and fuel-efficient vehicles, increasing per capita vehicle ownership, increasing automotive production, especially in Asia-Pacific, and strict government regulations to reduce carbon emission from vehicles.

    The implementation of stringent environmental regulations across the globe is propelling the demand for lightweight materials. Several international organizations are framing strict guidelines and standards to reduce the greenhouse gases emission. In 2011, global CO2 emission stood at 31.6 gigatons, with 23% of these emissions coming from all transport sectors across the globe. According to the Corporate Average Fuel Economy regulations, all vehicles plying in the U.S. need to have average fuel efficiency of 54.5 miles per gallon by 2025. As per the European government CO2 emission regulation, the total CO2 emission from new passenger cars should be decreased from 130g per Km travel in 2013 to 95g per Km travel by 2020. According to Germany based SuperLight-Car, about one-third of total fuel consumption by passenger car depends on weight. For instance, weight reduction up to 100 kg is expected to save 0.3 liters to 0.5 liters of fuel for every 100 km drive. Also, with reduced weight of vehicle, CO2 emissions can be minimized, if not completely removed. The overall weight of vehicles can be reduced by using advanced multi-materials, which is a combination of steel, aluminum, magnesium, plastics, and composites. This is further expected to provide ample growth opportunity for the composites market in the automotive industry.

    Composites used for producing lightweight automotive parts are priced higher as compared to other substitutes, including aluminum, steel, wood, and plastics. Automakers can switch to cheaper materials to produce vehicle parts, and thus acts as restraint for the automotive composites market.

    In 2015, Asia-Pacific was the largest market for automotive composite, followed by Europe and North America. Asia-Pacific is also likely to lead the automotive composite market during the forecast period, owing to the expected increase in the sales and production of vehicles, increasing demand for lightweight vehicles paired with better fuel efficiency, and growing environmental concern regarding CO2 emissions from vehicles. In 2015, China, India, and Japan were the major consumers of automotive composites in the region.

    The Chinese government is focused towards strengthening environmental standards in China in order to reduce the CO2 level in the country. This is expected to increase the overall demand for fuel cell vehicles, which uses composites in the near future. Such standards provide further growth opportunities for the automotive composite market in the region. By 2025, the electric vehicles and hybrid vehicles sales are expected to account for 10% and 40% respectively of the total vehicles sold in Asia-Pacific. Also, according to LMC Automotive, 36.0 million lightweight vehicles were sold in Asia Pacific in 2013, representing 43.0% of global lightweight vehicle sales. This number is expected to reach 56.1 million by 2020, representing 48.0% of the global sales. This is expected to boost the automotive lightweight material industry, which in turn will further drive the growth of automotive composite market in Asia Pacific.

    Some of the major competitors in the global automotive composite market include Toray Industries, Inc., Koninklijke Ten Cate N.V., SAERTEX GmbH & Co. KG, Cytec Industries Inc., Scott Bader Company Ltd., Teijin Limited, UFP Technologies, Inc., E.I. du Pont de Nemours and Company, Johnson Controls Inc., and Johns Manville.

  • Asia-Pacific Electric Car Market Overview, Growth Opportunities and Forecast to 2025

    The Asia-Pacific electric car market is dominated by China with Japan being a distant second. This is followed by South Korea and India. The overall share of electric cars in the total car sales in Asia-Pacific region is negligible. Small cars account for a significant share of electric cars market in Asia-Pacific due to low prices of these cars and cost sensitive buying behaviour of customers in this region. The electric car market in Asia-Pacific is expected to show a significant growth over the next decade driven by government support, rising income levels and increasing environmental awareness. Current high price of electric car, underdeveloped infrastructure and uncertain political environment are some of the challenges for this market.

    Rising environmental awareness and government support are expected to drive the Asia-Pacific electric cars market. Economies in this region are reducing their dependence on costly fossil fuel by promoting electric cars. For instance, India plans to replace all cars by electric ones by 2030. China is offering considerable subsidy on electric cars depending upon the battery size. Rising environmental awareness among people is also benefiting the sales of these cars in Asia-Pacific.

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    Rising income levels and increasing urbanisation in the emerging economies in Asia-Pacific is a strong growth driver for the electric car market. In emerging economies such as India and China, the car penetration is still less compared to the developed countries. Rising income levels and aspirations to own a car would open opportunities for electric car companies in these countries. The electric car market growth in Asia-Pacific would be faster than North America and Europe, as companies would not have to wait for the conventional cars to be replaced by the electric ones. Due to current low penetration of cars in Asia-Pacific, many first-time owners of a car would opt for an electric car.

    A typical car customer in major economies, such as India and China, is highly cost sensitive. Even though the running cost of an electric car is low (6kms per 1KWh), it is the high battery cost, which increases the upfront or showroom price of electric car, making owning expensive for an average customer. High upfront cost of an electric cars could slow down its sales in the region. However, declining prices of lithium-ion batteries over the last few years is a positive sign for the Asia-Pacific electric car market.

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    A considerable number of players are operating in the Asia-Pacific electric car market. These players can be broadly divided into two categories. The local Chinese players (such as BYD, BAIC and Dongfen) whose sales are mostly restricted to China and the global international companies (such as Nissan and General Motors) which are present in the many countries in the region including China. Due to the dominance of China in total sales, the local Chinese manufacturers together constitute a considerable share in the global sales.

  • Automotive Engine Oil Market See Strong Growth

    The global automotive engine oil market witnessed a significant growth during the past few years. The rising disposable income, government legislations for automotive engine oil, growing automotive aftermarket and increase in demand within automotive market are driving the growth of the automotive engine oil market. The growing vehicle sales and its production in developing countries is an opportunity in the market.

    Engine oils are oils that consist of mineral and have synthetic base oil including various additives. The quality of engine oil depends on the base oil and its properties, as well as on the additives. The main requirements for automotive engine oil are protection against wear and corrosion, keeping the engine clean and yield strength under compression.

    Friction is the major source of heat in automotive engines, which results into wear and tear of the surface and cause damage to it. The automotive engine oil forms an oil film, which provides the metal surface smooth movement and it also minimizes the friction between them. The oil also helps in preventing the engine from rust and small particles like dust and other particles, which may be present in the fuel. The oil also seals the gap between the pistons and the cylinder walls, which result in more efficient fuel combustion. Automotive engine oil when used for longer duration, its viscosity index drops. Therefore, to sustain the lubricating film between the engine parts, it is important to protect viscosity loss. The additives including dispersants, friction modifiers, anti-wear agents, antioxidants and pour-point depressants are mixed in engine oil to improve its viscosity index for longer usage time period.

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    The global automotive engine oil market is estimated to grow during the forecast period at a high growth rate. In 2015, North America was the largest market for automotive engine oil due to the presence of large number of motor vehicle in this region. It is followed by Europe and Asia-Pacific. The market is witnessing an escalating growth in Asia Pacific region. China, in recent years, has become the global hub for the automobile industry, due to increase in vehicle population because of growing industrialization and commercialization across China.

    The Chinese government has taken certain measures to curb emissions, such as increasing the number of electric and hybrid vehicles. These vehicles need more maintenance and synthetic engine oil and hence these hybrid and electric vehicles are further expected to boost the automotive engine oil market in the country. Other region in Asia Pacific, such as India, Malaysia and Philippines are also having a steady growth in the market.

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    Some of the major players operating in the global automotive engine oil market include Total S.A, LUKOIL oil company, Royal Dutch Shell plc., Exxon Mobil Corporation, BP plc., FUCHS Lubricants, Chevron Corporation, Sinopec Lubricant Company, JIANGSU LOPAL TECH. Co. Ltd., and PetroChina Company.

  • Critical Infrastructure Protection Market Business Analysis

    The demand for critical infrastructure protection (CIP) is increasing rapidly, since the virtual and cyber world are exposed to innumerable threats of hacking, attacks and theft. The critical infrastructure protection solutions are being increasingly adopted by various industries such as electricity, oil and gas, telecommunication, water supply generation, transmission and distribution, agriculture, food production and distribution, financial services and security services. The need for transportation systems has always been high, however with the increasing number of transportation accidents, the safety and security concern have become highly important and a matter of concern.

    Some of the factors driving the growth of the global critical infrastructure protection market are growing number of adverse incidents in electric infrastructure, growing significance of disaster management information, and need for stimulating critical infrastructure protection (CIP) implementation in private sector. Within the market, consulting services segment is expected to grow at the highest rate during the forecast period, as the services provided by consultancies include analysis of infrastructures, technological know-how, required changes adopted in the management services, operational improvement services, training skills and technological implementations, which require an immediate response by all the industries.

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    The opportunities in the critical information protection market lies with the exploitation of the internet of things (IoT) revolution and its potential scope. IoT is also a driving factor for the physical and information security market. The physical security market consists of a wide range of products and services such as access control, biometrics, video surveillance, consulting and technical support. With increasing cyberattacks on critical infrastructure zones, the investment on physical and information security market is expected to increase during the forecast period.

    Geographically, North America has been the largest market for critical infrastructure protection, owing to strict government regulations and best practices adopted by several associations such as North American Electric Reliability Corporation (NERC) which handles critical infrastructures. The Middle East and Africa is the second largest growing region in the critical infrastructure protection market. The high market growth is due to increasing number of sensitive infrastructures and organizations in the region, which leads to increasing security needs for their critical infrastructure, resulting in flexibility against cyber-attacks. The market in Asia-Pacific is expected to witness the fastest growth during the forecast period.

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    Some of the key players in the global critical infrastructure protection market are BAE Systems Inc., General Dynamics Corporation, Honeywell International Inc., Lockheed Martin Corporation, Airbus Group SE, Intergraph Corporation, Intel Corporation and Waterfall Security Solutions Ltd.

  • Train Control Management System Market Booming Worldwide and Advancement Outlook

    The global train control and management system (TCMS) market was valued at $2,031.6 million in 2015, and it is expected to grow at a CAGR of 8.2% during 2016 - 2022. Increasing population and urbanization, growing demand for safe and comfortable rapid transit solutions in developed as well as developing regions, and stringent emission control norms are expected to drive the demand for TCMS over the forecast period.

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    To reduce traffic congestion on roads, government of developing nations such as China, India, Singapore and Thailand are investing in rapid transport system. The increasing demand for rapid transit vehicles in developing regions is expected to boost the demand for TCMS during the forecast period.

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    Among the various components of TCMS, the vehicle control unit held the largest share in the global TCMS market in 2015. The market of train control and management system was the largest in metros & high speed train segment in 2015, compared to other train types. Globally, communication-based train control solution (CBTC) was the largest segment, based on solution of train control and management system in 2015.

    Asia-Pacific was the second largest market for train control and management system in 2015.  Increasing urbanization and increasing trend of automated metros and high speed trains are some of the major factors driving the growth of the Asia-Pacific TCMS market.

    Some of the major players operating in the global train control and management system market include Alstom SA, Bombardier Inc., Toshiba Corporation, Siemens AG, Hitachi Ltd., CAF, Mitsubishi Electric Corporation, EKE Group and Strukton Rail.

  • Cloud ERP Market Opportunity Assessment Study

    Enterprise resource planning (ERP) has become a critical part of all organizations irrespective of their size. ERP streamlines business processes such as accounting, procurement, human resource, and others, resulting in improved productivity, efficiency as well as collaboration. The traditional ERP systems took longer time to be implemented, required high upfront cost, and ample of hardware, software, and technical expertise. The need for high return on investment (ROI) and lower upfront cost have been major drivers for the growth of cloud ERP market.

    BFSI industry was the largest adopter of private cloud deployment in cloud ERP market in 2017, owing to the involvement of sensitive data such as account details of high-income group (HNI), traders’ operations, and other critical data. Since, cloud ERP incorporates both critical and non-critical datasets such as sales data, financials, human resource and others, hybrid deployment model is projected to exhibit fastest growth during the forecast period.

    Based on enterprise size, cloud ERP market is classified into small and medium enterprises (SMEs), and large enterprises. Though, legacy ERP systems were popular among large enterprises, cloud ERP recorded an influx of demand from SMEs in recent times. Cloud ERP allow SMEs to access a large number of applications, such as financial management, sales forecasting, without incurring high upfront cost that are associated with traditional on-premises ERP. Implementation of cloud ERP is helping SMEs and start-ups by eliminating huge infrastructure cost, ensuring faster deployment, and rise in business agility, in addition to improving employee efficiency.

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    Globally, North America was the largest revenue contributor to the cloud ERP market in 2017, on account of growing organizational need for improving employee productivity and efficiency, in addition to saving operational costs. Companies in the region are increasingly adopting cloud ERP systems in order to improve collaboration among multiple departments and to manage different applications such as human resource, financials, and supply chain efficiently.

    Providing more flexibility to businesses, cloud ERP solutions are predicted to open-up opportunities for the cloud ERP market in developing regions. This can be attributed to the growing digital transformation across the region, particularly in India, Japan, and China, owing the ongoing “Industry 4.0” revolution which is bringing digital transformation in the industry.

    Major demand for cloud ERP is generated with the need of on-demand access to computing services, availability of large storage space, automated resource management, and industry specific functions such as sales and customer support. Low cost, greater reliability, adoption of cloud-based services with integrated business management are also some other factors driving the demand for global cloud ERP solutions. The rapid growth in demand for cloud ERP in industries such as healthcare, retail, education and telecom are set to derive the market. Increased penetration of new technology solutions within organizations, low demographic barriers such as mobility, and availability of advanced open source applications with greater efficiency & transparency is also driving the growth of the global cloud ERP market.

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    Some of the players operating in the Cloud ERP market are Oracle Corporation, SAP SE, Microsoft Corporation, Infor Inc, NetSuite Inc, Sage Group plc, Epicor Software Corporation, IFS AB, Workday, Inc, and IBM Corporation.

  • North America Electric Car Market to See Strong Growth and Business Scope from 2013-2025

    North American electric car market is witnessing a significant growth over the last few years. The U.S. and Canada are the main countries in the region accounting for majority of sales. Plug-in electric cars are more preferred in the region compared to battery operated ones. Moreover, the preference of cars varies significantly from state to state. For instance, the customers in the north-eastern region of the U.S. prefer electric cars with higher capabilities and range.

    The North American electric car market is expected to witness a significant growth over the forecast period, driven by government incentives and subsidies, innovation and improving affordability of electric cars. However, lack of models to choose from, less recharging stations and concentration in key cities are some of the factors hampering its sales in the region.

    Government support in the form of incentives and subsides is a major factor benefiting the sales of electric cars in the region. For instance, the U.S. federal government provide income tax credit up to $7,500 based on the battery size. Apart from this, there are other state level incentives, often in the form of rebates. In Canada, there are funds such as Sustainable Development Technology Fund to support the growth of electric vehicles.

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    Declining prices of lithium-ion batteries is a positive sign for this industry as it would make electric cars more affordable. The prices of lithium ion batteries have fallen significantly over the last few years and industry experts estimate it to decline further over the forecast period. Long range electric cars under $40,000, now available in the U.S., is already making electric cars more practical to own for the customers.

    Lack of availability of electric car models is a challenge for the North American market. There are only limited models to choose from when compared to the conventional cars, hampering its sales. However, with major automobile companies having plans to increase the share of electric cars in their portfolio, more models would be introduced in future.

    North America Electric Car Market - Competitive Landscape

    Most sales of electric cars are concentrated in key cities along the west coast of North American region. The competition in the industry is increasing with more car companies entering in the market and introducing newer models. The market is organised with the top international players such as General Motors, Nissan and Tesla dominating the sales. The popular electric cars in the U.S. includes Chevrolet Bolt, Nissan Leaf and Tesla S, accounting for close to one-third of sales.

  • Automotive Cybersecurity Market Applications, Regional Analysis, Key Players and Forecasts by 2024

    The global automotive cybersecurity market is projected to witness significant growth during the forecast period, owing to the growing demand for connected vehicles and the need for end-to-end cybersecurity in these vehicles. The market growth is also expected to be boosted by the increasing awareness about vehicle safety and safe driving and the growing emphasis on the inclusion of security solutions in the new vehicles sold.

    On the basis of vehicle, the automotive cybersecurity market has been classified into electric and conventional vehicles. Of the two, faster growth in the market during the forecast period is expected from electric vehicles. With governments across the world focusing on vehicle electrification and supporting the same through favorable schemes and financial incentives, the market for electric vehicles is expected to grow considerably in the coming years.

    Based on network topology, the automotive cybersecurity market has been categorized into in-vehicle and cloud services. The category of in-vehicle services is expected to hold a larger share in the market during the forecast period, owing to the growing demand for connected cars that usually come equipped with several electronic control units (ECUs) for various applications.

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    Based on application, the automotive cybersecurity market has been divided into telematics, vehicle powertrain, infotainment, safety, and body control and comfort system. The market for vehicle powertrain is poised to grow at a significant rate during the forecast period, as the automakers are heavily investing in product development and innovation for product differentiation.

    The major trends witnessed in the automotive cybersecurity market are technological advancements in the areas of internet of things (IoT) and vehicle connectivity; collaborations between automakers and security solution providers; and increasing investments by start-ups toward product development. Besides, the growing number of acquisitions of security solution start-ups by tier-1 suppliers is an important trend observed in the market. For instance, in August 2018, NNG LLC, a vendor of automotive navigation and infotainment solutions, acquired majority of shares in the automotive cybersecurity company ARILOU Information Security Technologies.

    With the rising demand for connected vehicles, the threat of potential cyberattacks has increased in the automotive industry. This has led to a substantial increase in demand for cybersecurity solutions in connected vehicles. Having anticipated the potential cybersecurity attacks, the automakers have started working closely with technology providers to develop and implement tactical security measures in automobiles. They are collaborating with established players and new entrants (mostly start-ups) in the cybersecurity industry to work toward mitigating potential cybersecurity risks and bringing innovation in their product offerings. Also, the penetration of security and safety solutions in new vehicles is on the rise. Thus, increase in demand for cybersecurity solutions, coupled with end-user preference for vehicle connectivity features, is expected to drive the growth of automotive cybersecurity market in the near future.

    The global automotive cybersecurity market is still in its nascent stage and is witnessing the entry of new players (start-ups) in addition to mergers and acquisitions and cross-industry partnerships as part of the business growth plans of the players operating within. Some of the key players in the industry are TowerSec Inc. (a Harman International Industries Inc. company), Karamba Security Ltd., Trillium Secure Inc., Upstream Security Ltd., SafeRide Technologies Ltd., Argus Cyber Security Ltd. (a Continental AG company), Robert Bosch GmbH, Vector Informatik GmbH, Denso Corporation, Aptiv PLC, NRI SecureTechnoloiges Ltd., NXP Semiconductors, and ARILOU Information Security Technologies (a part of NNG LLC).

  • IP Video Surveillance and VSaaS Market Trends and Growth, 2024

    A video surveillance system is a combination of software and hardware components and is used to capture and analyze video. Though, analog video surveillance acquired steady grip in the market, however, IP video surveillance registering potential growth year-over-year. Several developed markets including, U.S., U.K., and Germany accounted for majority of the IP video surveillance systems deployment in several application sectors. On the contrary, emerging economies, predominantly, China, India, and Brazil, are registering immense growth towards the same. Due to the rising need for surveillance cameras with improved video quality, the demand for IP-based video surveillance systems is increasing worldwide.

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    The industry is undergoing substantial growth in demand for video analytics solutions and cloud-based surveillance solutions. Video analytics reduces the need for humans to analyze and monitor video feeds in real time. The overall IP video surveillance and VsaaS market is exhibiting increasing demand for intelligent surveillance solutions in relation with, organizations to provide real time understanding, with automatic alarm and event notifications.

    Geographically, North America and Europe accounts for highest share of the IP video surveillance and VSaaS market. High growth is expected from Asia-Pacific countries such as Japan, China, and India, owing to the constant demand for VSaaS in this region. Apart from this, in MEA region, countries like Saudi Arabia, U.A.E., and Qatar to witness substantial growth in the coming years, attributed to Saudi Vision 2030, and major upcoming events such as, World Expo 2020 in U.A.E., and World Cup 2022 in Qatar.

    The Asia-Pacific region is anticipated to grow at a tremendous rate, due to the increasing consciousness of video surveillance, the growth of technology, and the constant increasing need for cloud services as a preference for efficient application and data management. Corporate and bandwidth protocols, high infrastructure cost and network security are the major challenges in the growth of the IP video surveillance and VSaaS market.

    Surging demand for safe and convenient security alternatives are intensifying the IP video surveillance and VSaaS market. Rising security concerns with increasing crime rate and terrorist threats buoyed the heavy adoption of these solutions. Additionally, due to the fact that the entire surveillance, that includes recording, storing, managing, monitoring and storing, is on cloud, the systems do not require dedicated servers, unlike traditional surveillance systems. Requirement of minimal maintenance in these systems is a major factor for their wide adoption for commercial and residential purposes.

    Growing IoT market and rising inclination towards smart city surveillance, especially in developing countries with challenging security conditions, are expected to offer lucrative growth opportunities to the IP video surveillance and VsaaS market in near future. IoT applications are likely to play a significant role in security equipment used for protecting industries, banks, offices, residences, and critical installments, such as nuclear power stations.

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    Some of the key players operating in the IP video surveillance and VSaaS market are Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Avigilon Corporation, Bosch Security System, Inc., Panasonic Corporation, Honeywell International Inc., Genetec Inc., Ivideon, and Brivo.

  • U.S. Connected Car Market to See Strong Growth and Business Scope from 2013–2023

    The U.S. connected car market is projected to reach $37,350.1 million by 2023, according to P&S Intelligence.

    The growth of the market is majorly driven by increasing vehicle safety and security norms, demand for vehicle-to-vehicle (V2V) connectivity technology, and incorporation of internet of things (IoT) based technologies in the automotive industry.

    Insights into market segments

    Based on product and services, the U.S. connected car market is categorized into fleet manager, wireless and cellular modules, original equipment manufacturer (OEM) services, sensors, processors, and aftermarket services. Fleet manager dominated the products and services segment, owing to the adoption of connected car technologies, primarily tracking of vehicles in the fleet by fleet managers. Such technologies help fleet managers to track the vehicle condition and do vehicle maintenance before the occurrence of any serious vehicle casualties.

    4G/LTE category was the largest category in the technology segment in the U.S. connected car market, with a contribution of more than 40% in 2017. Much of this can be owed to the increasing demand for fast and advanced technology for use in the connected cars. Additionally, it allows drivers to connect and share vital information and updates emergency service providers faster as compared to 3G technology, which is expected to increase market share for 4G technology in near future.

    Navigation category dominated the application segment in the U.S. connected car market, with a contribution of more than 40% in 2017. Navigation application is the most basic requirement in a connected car, which when coupled with its cost effectiveness, and growing necessities to commute in cities making it the largest shareholder in the application segment.

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    Rapid emergence of autonomous vehicle (AV) technology is spotted as a major trend in the U.S. connected car market

    The emergence of AV technology in the U.S. connected car market is one of the key trends that is here to stay. The market has already witnessed advanced driver-assistance system (ADAS) solution which has changed the face of driving experience, making it safer than ever. Up until now, the automotive OEMs, in collaboration with their technology partners (for instance, BMW AG and NVIDIA Corporation; Volvo AB and Google LLC), have delivered significant breakthroughs in the U.S. connected car market.

    The technologies used in semi-autonomous vehicles, including adaptive front lighting system, lane-departure warning system, and surround view, have made the headway for the AV technology. Although, the AV technology is already being tested at working level under fixed circumstances, its commercial incorporation in cars is still underway.

    U.S. connected car market competitive landscape

    Delphi Technologies PLC has been the leading company among all the players that supply connected car services to the various automotive OEMs across the country. Merger and acquisition is one of the strategies adapted by the company to expand its business portfolio. The other major players in the U.S. connected car market are Robert Bosch GmbH, Denso Corporation, Autoliv Inc., Continental AG, and ZF Friedrichshafen AG.

  • U.S. Electric Bus Market Business Strategies, Mergers and Acquisitions and Revenue Analysis

    The U.S. electric bus market size is projected to reach $1,948.5 million by 2024, registering a CAGR of 18.5% during the forecast period, according to P&S Intelligence.

    The growth of the market is primarily driven by several federal, regional, and state grants and incentive programs. In addition, low cost of ownership, coupled with low maintenance cost of electric bus, specially battery electric bus (BEB) is expected to benefit the market during the forecast period.

    Insights on market segments

    Based on vehicle type, the U.S. electric bus market has been categorized into BEB, plug-in hybrid electric bus (PHEB), and hybrid electric bus (HEB). HEB dominated the market in the historical period. However, the market for BEBs is expected to witness the fastest growth during the forecast period. Falling battery price, coupled with increasing range of these buses, supports their adoption in transit fleet.

    On the basis of charging type, the U.S. electric bus market is categorized into plug-in, pantograph, and inductive. Among these, plug-in was the largest category, accounting for more than 75% revenue share in 2017, due to its early adoption in the country for personal transport vehicles. However, inductive charging type is anticipated to be the fastest growing category in the market during the forecast period.

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    1. Growing preference for depot charge buses over on-route charge buses is a major trend observed in the market
    2. Increasing replacement sales offer ample opportunity for electric bus manufacturers

    According to the National Transit Database, nearly 38% of the nation’s active diesel buses were manufactured prior to 2007 (the year in which more stringent diesel standards went into effect). An additional around 10.5% of the buses in fleet, were manufactured between 2007 and 2010, and have not been rebuilt, so they may not meet current standards for nitrogen oxide and hydrocarbon pollution. These old conventional fuel-based buses are expected to be replaced by new electric ones during the forecast period. Large fleet of old conventional buses provides considerable opportunity to manufacturers in the U.S. electric bus market.

    U.S. Electric Bus Market Competitive Landscape

    The U.S. electric bus market is still in its nascent phase, with the presence of few major players. Some of the major BEB manufacturers in the market are Proterra Inc., BYD Motors Inc., and NFI Group Inc. NFI Group Inc. and Gillig LLC are the two major HEB manufacturers. Other key players operating in the market include Blue Bird Corporation, Nova Bus Corporation, ELDORADO NATIONAL-CALIFORNIA Inc., and The Lion Electric Co.

  • Advanced Driver Assistance Systems (ADAS) Market to Witness 27% CAGR During 2016 – 2022

    The global advanced driver assistance systems market is expected to grow from an estimated $19,813.0 million in 2015 to $99,643.7 million in 2022. Europe dominated the global market with an estimated $7,726.8 million market size in 2015.

    Advanced Driver Assistance Systems Market
    Advanced Driver Assistance Systems Market

    The global ADAS market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The increasing partnerships and collaborations have been observed during the recent past in the global ADAS market. The key players are also engaged in launching new products with up graded technology and features. Europe dominated the global market; however Asia-Pacific is estimated to surpass it during the forecast period.

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    In 2015, Ford entered into collaboration with RWTH Aachen University, Germany. The aim for collaboration is to conduct research in the field of ADAS to meet changing customer preferences in driving assistance systems. In 2014, Autoliv entered into an agreement with Neonode Inc. for the development and licensing of active sensor steering wheel application to develop a new human machine interface-sensing product for vehicle steering. Under the agreement terms, Neonode will license its zForce drive technology to Autoliv.

    The key players in the global ADAS market include Magna International Inc., Autoliv Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, Ford Motors Company, BMW AG, and Audi AG.

  • Electric Aircraft Market Opportunities and Recent Trends by Leading Manufacturers & Regions

    The global electric aircraft market size is projected to observe an extensive growth in the coming years due to increasing stringent emission norms related to aircraft industry coupled with increased investment in more efficient power electronics and high energy density batteries, and the requirement for new aircraft to meet the global air traffic demand. In addition, lower cost of ownership for the electric aircraft, is expected to boost the market in the near future.

    On the basis of technology, the electric aircraft market is segmented into solar hybrid aircraft, fuel powered hybrid aircraft, and all-electric aircraft. Solar hybrid aircraft is expected to hold the major share in the market owing to the governments’ initiatives to increase the adoption of solar power to decrease air pollution, and prices of aircrafts as the prices of solar cells are expected to decrease in near future across the globe.

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    Additionally, all-electric aircraft is expected to increase steadily in near future owing to growing usage of autonomous systems, improved aircraft performance, reduced gas emissions and airport noise, and reduced maintenance and operational costs. Also, the demand for fuel-efficient and eco-friendly aircraft is anticipated to be the fundamental driving factor that forces original equipment manufacturers (OEMs) to opt for more fuel-efficient alternatives in the electric aircraft market.

    In North America, the U.S. is expected to be the largest electric aircraft market during the forecast period. The Environmental Protection Agency (EPA) in the U.S. had declared regulations for greenhouse gas emissions by aircraft. An aircraft accounts for more than 11% of all U.S. transportation greenhouse gas emissions and nearly 4% of entire U.S. greenhouse gas emissions.

    Additionally, Asia-Pacific is anticipated to restore its technology platform in the forecast period owing to the rising military spending by governments to boost economic growth.

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    The electric aircraft market is competitive and is characterized by the presence of a considerable number of established manufacturers in the market. The major players in the industry are Airbus S.A.S., Boeing Co., Safran SA, Rolls-Royce Holding PLC, Raytheon Company, United Technologies Corporation, Thales Group, Zodiac Aerospace SA, and Honeywell International Inc.

  • Blockchain Market Analysis, Size, Trends and Future Scope

    The blockchain market is gaining phenomenal growth, due to a shift towards digital economy. It is also known as distributed ledger.Growing interests in securing the online financial transactions continues to impel the market. This technology is useful for all sizes of enterprises. It has become the enabling technology for BFSI sector as banks and finance industry move into the modern age of real-time transaction processing.

    Blockchain technology is used for various financial and non-financial applications like, payments, exchanges, smart contracts, documentation, and digital identity. Of them, payment is expected to continue generating the largest revenue in the global blockchain market in the coming years. Digital identity application is expected to witness the highest growth in the market during the forecast period because it eliminates the need for central authority and third party. The major players are looking forward to blockchain-based identity management solutions for financial transactions.

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    North America is expected to hold the largest share in the blockchain market, due to presence of large number of companies with large operation base and wide implementation of smart contracts, documentation and payment applications in industries. APAC is expected to hold the largest share in the market during the forecast period because of heavy investment in designing of such networks to minimize labor costs.

    On the basis of service provider, the blockchain market is segmented into application and solution provider, middleware provider, and infrastructure and protocol provider. The application and service provider are expected to dominate the market among the providers as they provide distributed ledger technology to varied industry verticals.

    Governments are taking up initiatives to promote blockchain technology. For example, Indian government has set up The Blockchain Foundation of India (BFI) in December 2017, which is a community effort to promote the growth of blockchain-based initiatives in India. Online payments have gained huge popularity due to dominance of card-based payment methods, credit and debit cards. Blockchain technology is evolving as an aid to conduct financial transactions through online payments. This technology is supporting all these changes by increasing the speed of transaction processing and greater efficiency in real time, which has been driving the blockchain market.

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    Some of the key players operating in the global blockchain market include International Business Machines (IBM) Corporation, Amazon Web Services, Inc., Microsoft Corporation, Ripple, Abra, Chain Inc., R3, Earthport PLC, Ethereum Foundation, BTL Group Ltd., BigchainDB Gmbh, Humaniq, Factom, Tierion, and BlockCypher Inc., AlphaPoint, Bitfury Group Limited, and Coinbase.