Forecast on Automotive Seats Market: Top 8 Projections

Automotive Seats

Comfort is of paramount significance for drivers as well as passengers of automobiles. Automakers are adopting innovative seating designs to cater to this stipulation. From passenger cars to heavy commercial vehicles, automotive seats are attracting the attention from manufacturers and customers, alike. Improvement in automotive seating of vehicles is also expected to lower post-accident traumas for vehicle occupants. Advanced seats are also observed as critical tools for ensuring a safe road travel for passengers. Fact.MR’s new report on the global market for automotive seats assesses multiple factors that will impact the market’s growth through 2022.

According to Fact.MR, the global market for automotive seats will reach an estimated value of US$ 31.5 Bn by the end of 2017. Fluctuating commodity prices are expected to impact procurement of raw materials & fabric for production of automotive seats. Moreover, the report also indicates that advancements in production technologies and adoption of modular designs might compel some automotive seats manufacturers towards outright remodeling of their manufacturing infrastructure. By the end of 2022, more than US$ 40 Bn worth of automotive seats will be sold across the world, reflecting a steady revenue growth at steady CAGR.

Following excerpts from the report provide insightful projections on the growth of global automotive seats market during 2017-2022.

  1. Globally, the demand for split-bench or bench seats is expected to gain traction. In 2017, these products will account for largest share of 80.1% on global automotive seats market revenues.
  2. Hatchbacks and sedans will reflect leading vehicle segments in the global automotive seats market, collectively accounting for more than half of global revenues through 2022.
  3. A region-wise analysis in the report projects that majority of global automotive seats sales will be registered in the Asia-Pacific excluding Japan (APEJ) region. Through 2022, the APEJ automotive seats market is pegged to soar at a steady CAGR.
  4. North America’s automotive seats market is expected to reach US$ 7.1 Bn in value by the end of 2017.
  5. In Japan, strict regulations are curbing automobile production, and limitations on dumping industrial material leftovers is restraining the use of advanced seating materials. These factors to lower the presence of Japan in growth of global automotive seats market. In 2017, Japan’s automotive seats sales are expected to contribute approximately lowest share of global revenues.
  6. In 2017, global sales of automotive seats made from genuine leather will come about 10% of global market value. Synthetic leather has successfully replaced genuine leather, and will bring in global revenues worth over US$ 26 Bn towards the end of 2022.
  7. While automotive seats developed on standard technology are currently dominating the global market with over two-third share, demand for powered automotive seats is expected to gain momentum towards the end of the forecast period.
  8. Lear Corporation, Faurecia SA, TACHI-S Co., Ltd., TS TECH Co. Ltd., Toyota Boshoku Corporation, IFB Industries Limited, Adient Plc., and Gentherm Inc. are profiled in the report as key players of global automotive seats market.

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

7 Key Takeaways from Automotive Steering Systems Market Report

Automotive Steering Systems

Effective steering systems are the crux of efficient automobiles. Technological advancements have improved automotive steering systems, enabling drivers with risk-less maneuvering. Increasing developments in working of automobiles are compelling manufacturers to rev up their existing steering systems. With new engines, tomorrow’s automotive steering system will be highly safe for vehicle passengers. Integration of hydraulics in steering systems is attesting that enabling technologies can be incorporated in development of modern automotive steering systems. Fact.MR’s report on the global automotive steering system market offers such key insights that will play an instrumental role in devising strategies for manufacturers.

According to the report, the global market for automotive steering system is expected to surpass US$ 30 Bn in revenues by the end of 2017. Fluctuating commodity prices, strict laws of passenger safety, and prevalent demand for vehicles with smooth traction are expected to fuel the growth of the market. By the end of 2022, the global market for automotive steering system will be valued at a little less than US$ 40 Bn, reflecting a steady CAGR in terms of value.

Following pointers are highlights from Fact.MR’s report, providing an insightful outlook on the future of global automotive steering system market through 2022.

  1. In 2017, the Asia-Pacific excluding Japan (APEJ) region will be dominating the global automotive steering system market in terms of revenue. By the end of 2022, the APEJ automotive steering system market will have reached an estimated value of US$ 14.2 Bn.
  2. Europe’s automotive steering system market, on the other hand, is anticipated to record revenue growth at steady CAGR during the forecast period.
  3. In US and Canada, automotive steering system sales are expected to bring in US$ 7 Bn by the end of 2017.
  4. Demand for electric power steering (EPS) systems is currently gaining traction. In 2017, more than US$ 12 Bn global revenues will be accounted by sales of EPS systems. Manual steering systems will lose their market presence towards the end of forecast period, recording a sluggish revenue growth at moderate CAGR.
  5. By the end of 2022, more than US$ 23 Bn revenues will be accounted by sales of automotive steering systems in passenger cars across the globe. The demand for automotive steering system in other vehicle types will also be prominent, but passenger cars will be at the forefront of global automotive steering system market contribution.
  6. The report expects that majority of automotive steering system sold in the world will be through OEMs. The incidence of replacing steering systems is rare, thereby lowering the presence of aftermarkets in global sales of automotive steering systems. Between 2017 and 2022, the global market for automotive steering system will witness an significant increment through sales accounted by OEMs.
  7. The report has profiled leading manufacturers of automotive steering systems in the global market, which include ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Group Limited, ThyssenKrupp AG, NSK Ltd., Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Robert Bosch Limited and Sona Koyo Steering Systems Limited.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=43

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Automotive Telematics Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Automotive Telematics

Telematics has emerged as an important technology in the modern vehicular system. Automotive telematics has significantly boosted the functional capabilities of vehicles, making them more safe and connected. Currently, telematics is used in enhancing automotive safety, mapping and communication systems. Fact.MR’s new report reveals that the global market for automotive is set to increase at a robust CAGR of 24.2% over the forecast period (2017-2022) to reach a valuation of US$ 53,280 Mn. This growth will be facilitated by factors such as rising number of internet users, introduction of sophisticates communication systems, favorable government policies, and development of high-speed broadband networks. Following takeaways from Fact.MR’s report on the global automotive telematics market assert on its future prospects.

  • OEMs will remain the largest sales channel for automotive telematics throughout the forecast period. Increasing strategic partnerships and collaborations between telematics component manufacturers and top automotive companies is reassuring OMEs’ dominance.
  • On the basis of services, the safety & security segment is projected to account for the largest revenue share of the market over the forecast period. By the 2017-end, this service segment is likely command for more than half of global revenues. Meanwhile, integration of automotive telematics is steadily increasing in several other services segments including entertainment, navigation and information.
  • By product type, the embedded segment is projected to surpass a valuation of US$ 23,701 Mn towards the end of 2022, registering a strong CAGR. In addition, the segment currently accounts for close to half of the market value. During the forecast period, the tethered segment is projected to witness the highest CAGR.
  • Based on vehicles types, the passenger car segment presently accounts for over one-half market share in terms of revenue and is projected to reach a market valuation in excess of US$ 28,530 Mn by the end of projection period.  This is mainly attributed to growing need for efficient wireless communication systems in vehicles.
  • Among region, Europe is expected to remain the frontrunner in the global automotive telematics market in terms of revenue over 2022. This is primarily due to presence of some of the leading auto component manufacturers and automotive companies in the region. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) is expected to expand at the highest CAGR over the forecast period.

Competition Tracking

Some of the leading players in the global market for telematics include Verizon Telematics, Inc, TomTom N.V, Magneti Marelli S.p.A, Delphi Automotive Plc, Visteon Corporation, Harman International Industries, Incorporated, Trimble Inc, Masternaut Limited, Airbiquity Inc., and Robert Bosch GmbH. In order to increase market presence, many of these companies are actively focusing on adding new features to their products as well as trying to integrate telematics with a wider range of vehicle components.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=45

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Automotive Tail Light Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Automotive Tail Light

Fact.MR’s latest report projects that the global market for automotive tail light will expand at a miniscule CAGR between 2017 and 2022 to reach a valuation in excess of US$ 12,238 Mn. Traditionally, tail light has been an essential auto component but its limited scope of utility is undermining the prospects of its global market. Which is why, manufacturer are now trying to incorporate advanced lighting technologies in order to make their products more viable. For many years now, automotive tail lights have been serving as an important vehicle safety component that allows drivers to give signals or indications to other vehicles, helping avoid or-road collisions. In addition, many of the modern tail light designs also help in improving the looks of the car. The global market for automotive tail light is expected to be influenced by the incessant growth of the overall automotive industry in emerging countries such as China and India. Over the past couple of years, the global demand for vehicles has increased in leaps and bounds, which reflected positively on the automotive tail light market as well.

Following are the key points from Fact.MR’s latest report on the global market for automotive tail light

  • Based on source, halogen tail light will continue to be the most sought-after in the market. By 2017-end, the halogen segment is anticipated to account for over half of global market revenues. Meanwhile, the led segment is expected to register the highest CAGR over the forecast period.
  • On the basis of vehicle type, passenger car is expected remain the most attractive segment throughout the assessment period. In addition, the segment is estimated to surpass a valuation of US$ 4,909 Mn over 2022, increasing at moderate CAGR.
  • Demand for plastic tail lights will be significantly higher than the metal variants. By the end of 2017, plastic tail lights are anticipated to command for over two-third market share in terms of revenue. This is primarily due to the product’s superior features such as light-weight, translucency, and durability. Over US$ 9,929 Mn worth plastic tail lights are likely to be sold worldwide by 2022-end.
  • By sales channel, aftermarket is projected to remain the most dominant segment, exceeding a market valuation of US$ 8,131 Mn towards the end of assessment period.
  • In terms of revenue, Asia Pacific excluding Japan (APEJ) is expected to lead the global automotive tail light market over 2022. The region is expected to present lucrative growth opportunities for market players over the next couple of years.

Competition Tracking

Some of the prominent players operating in the global market for automotive tail light include Koninklijke Philips N.V., Phoenix Lamps Limited, UNOMINDA, OSRAM Licht AG, General Electric Company, Valeo S.A., Robert Bosch GmbH, Koito Manufacturing Co., Ltd., Sammoon Lighting & Electrical Co., Ltd., HELLA KGaA Hueck & Co., and Stanley Electric Co. Ltd.,

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=3

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Automotive Tire Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Automotive Tire Market

With a strong focus on fuel efficiency, and demand for low-rolling resistance tires, along with stringent environment regulations, the global market for automotive tires is likely to witness an upsurge in the near future. The market is also expected to benefit from increasing prevalence of green tires on the back of rapidly growing concerns associated with overflowing landfills of scrap tires, and inadequate recycling efforts. OEMs are now focusing on performance and efficiency of tires as imperative engineering parameters. Fact.MR offers a detailed analysis on the global automotive tire market in its recent research for the forecast period 2017 to 2022.

Fact.MR’s report projects the revenues from global automotive tire market to reach nearly US$ 270,000 Mn in 2017. Increasing disposable income of people has resulted into an increased spending in automobiles by individuals, which in turn has fuelled the growth in demand for automotive parts such as tires. With the rapid pace of new technologies influencing the automotive sector, automakers are making huge investments in research & development activities. In addition, increasing life-spans of vehicles have led towards demand for replacement of tires globally. The report projects the global automotive tire market to register a steady expansion at 5.1% CAGR, to reach revenues worth US$ 342,209.2 Mn by 2022-end.

6 Projections of Fact.MR’s Report on Global Automotive Tire Market

  1. Based on product type, the market is bifurcated into radial tires and bias tires. Although bias tires will remain preferred in the market, sales of radial tires are estimated to register a comparatively higher CAGR through 2022.
  2. Sales of automotive tires in LCVs and two-wheeler vehicles are expected to register parallel expansion during the forecast period, with LCVs estimated to account for a comparatively larger revenue share than two-wheeler vehicles. In addition, sales of automotive tires in passenger cars are expected to exhibit the highest CAGR through 2022. In contrast, M&HCV segment is projected to register the lowest CAGR in the global automotive tire market.
  3. Aftermarket will remain the largest sales channel for automotive tires, expanding at 5.3% CAGR through 2022. Revenues from sales of automotive tires through OEM are anticipated to surpass US$ 10,000 Mn by 2022-end. Asia Pacific Excluding Japan (APEJ) accounts for the largest share of automotive tire sales through OEM.
  4. APEJ is estimated to continue its dominance in the global automotive tire market, in terms of revenues. The automotive tire market in APEJ is estimated to create a robust incremental opportunity between 2017 and 2022.
  5. Although sales of automotive tires in North America will register a comparatively higher CAGR than Europe, Europe will account for a higher revenue share by 2022-end. In contrast, Middle East & Africa (MEA) will account for the lowest revenue share in the global automotive tire market.
  6. Key market players identified in Fact.MR’s report include Bridgestone Corporation, Continental AG, Michelin North America, Inc., The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries, Ltd., The Yokohama Rubber Co., Ltd., Pirelli & C. S.p.A., Madras Rubber Factory Limited, Apollo Tires Ltd., and Cheng Shin Rubber Ind. Co.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=12

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Automotive Plastic Bumper Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Automotive Plastic Bumper Market- Fact.MR

In the view of changing norms on production of automobiles, automotive plastic bumpers are expected to remain a pivotal part in the automaking businesses. Their lightweight, rigid and ductile properties will continue to help automakers achieve innovative exterior looks for their offerings. In addition to this, the importance of automotive plastic bumpers in safety of vehicle occupants as well as pedestrians is expected to boost its sales. In 2017, more than US$ 10 Bn worth of automotive plastic bumpers are expected to be sold across the globe. Fact.MR’s recent study projects that the demand for automotive plastic bumpers, however, will witness moderate growth owing to laws that curb the use of plastic in automobile manufacturing. By 2022, the global market for automotive plastic bumpers will have expanded at moderate CAGR, reaching US$ 13 Bn in value.

Following forecast highlights offer a detailed outlook on future of global automotive plastic bumpers market during 2017-2022.

  1. In 2017, more thanUS$ 3 Bn worth of automotive plastic bumpers are expected to be sold across the Asia-Pacific excluding Japan (APEJ) region. Countries such as India, South Korea and China are observed to be global hubs in automobile manufacturing. The presence of APEJ region on the global automotive plastic bumpers market is likely to remain dominant throughout the forecast period.
  2. In North America, the sales of automotive plastic bumpers will witness a considerable rise in production of passenger cars. By the end of 2022, North America’s automotive plastic bumpers market will surpass US$ 2.8Bn in value, reflecting the resurgence of automotive industry across Canada and the US.
  3. Europe is also expected to be at the front end of global automotive plastic bumpers market expansion. During the forecast period, revenues amassed from sales of automotive plastic bumpers across European countries is likely to exhibit a moderate CAGR.
  4. Among key materials used in production of plastic bumpers, polypropylene is expected to gain higher preference compared to other materials. With nearly one-third share on global automotive plastic bumpers market value, the adoption of polypropylene materials is expected to witness an uptick throughout the forecast period.
  5. More than US$ 4.2 Bn worth of automotive plastic bumpers are anticipated to be sold for production of passenger cars in 2017. Going forward, passenger cars will be viewed as lucrative vehicle segment for application of automotive plastic bumpers. On the other hand, the demand for plastic bumpers in production of commercial vehicles is slated to be low owing to higher preference to sturdy metal bumpers.
  6. The report highlights that throughout the forecast period,OEMs will observed as the largest distributors for automotive plastic bumpers. Aftermarket sales of automotive plastic bumpers is also expected to rise in the view of growing popularity of vehicle customization. Across these distribution channels, the demand for low-priced automotive plastic bumpers will be downright high. By 2022-end, global sales of low-priced automotive plastic bumpers is expected to reach US$ 7.2 Bn in revenues.
  7. The report also profiles key manufacturers of automotive plastic bumpers in the global market. Companies such as Faurecia SA, Toray Industries, Inc., Benteler International AG, Samvardhana Motherson Automotive Systems Group B.V., Flex-N-Gate Corporation, Futaba Industrial Co. Ltd., Montaplast GmbH, Compagnie Plastic Omnium SA, and Warn Industries, Inc. are observed to be leading players in the global automotive plastic bumpers market.

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Automotive Gesture Recognition Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Automotive Gesture Recognition Market- Fact.MR

An improved operability of drivers is pivotal in boosting the efficiency of automobiles. Through automotive gesture recognition systems, drivers are not compelled to use physical contact for operating the vehicle’s key features, and can reserve their handheld control to steering systems. Automotive gesture recognition systems are becoming popular among car buyers, owing to their advantage in reducing driver distractions, and lowering the occurrence of road mishaps caused by preoccupied drivers. With growing adoption of technologies, there is a strong chance that almost every passenger car hitting the road will be equipped with automotive gesture recognition systems in the years to come.

Fact.MR’s report on the global automotive gesture recognition market offers key insights on how adoption of automotive gesture recognition will gain vigorous momentum during the forecast period, 2017-2022. In 2017, the global automotive gesture recognition market is pegged to reach a value of US$ 1.19 Bn. With rising inclination towards touchless operability solutions, the global automotive gesture recognition market is anticipated to bring in revenues worth over US$ 4.2 Bn, reflecting a soaring CAGR by the end of 2022.

Following insights from the report offer an analytical forecast on the growth of automotive gesture recognition across multiple regions and segments.

  • Owing to its outright dominance in the global automobile production, the Asia-Pacific excluding Japan (APEJ) region is slated to dominate the global automotive gesture recognition market in 2017, and beyond. The region will be observed as most attractive, owing to presence of automobile manufacturing hubs such as China, India and South Korea. By the end of 2022, revenues amassed from sales of automotive gesture recognition systems in the APEJ region are anticipated to soar at a stellar CAGR.
  • Between 2017 and 2022, Europe’s automotive gesture recognition market is likely to witness an incremental opportunity of more than US$ 850 Mn.
  • By 2022-end, North America will witness a rampant growth in its automotive gesture recognition market, reflecting a robust value CAGR, and bringing in revenues worth nearly US$ 1 Bn.
  • In 2017, more than 80% of the global automotive gesture recognition market will be dominated by sales of touch-based products. Touchless products available in the global automotive gesture recognition market are likely to witness a relatively sluggish growth, exhibiting a vigorous CAGR over the forecast period.
  • Hand or finger print recognition systems will gain traction towards the latter half of the forecast period. On the other hand, facial recognition systems will contribute to less than 5% of global automotive gesture recognition market value, through 2022.
  • Towards the end of 2022, the report projects that sales of automotive gesture recognition in multimedia, navigation and infotainment applications will be considerably high, accounting for more than three-fourth of global market revenues.
  • Close to three-fourth of global automotive gesture recognition market will be attributed by revenues accounted by sales of automotive gesture recognition systems in passenger cars. The demand for automotive gesture recognition in commercial systems, however, is less likely to grow, owing to high installation costs of recognition systems.
  • The report has profiled leading players in the global automotive gesture recognition market, which include companies such as Continental AG, Harman International, NXP Semiconductors, Cognitec Systems GmbH, Gestigon GmbH, Eyesight Technologies, Synaptics Incorporated, Softkinetic, Visteon Corporation, and Qualcomm Technologies Inc.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=20

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

6 Key Projections on Automotive Fog Lights Market

Factmr

According to a latest report by Fact.MR, the global automotive fog lights market is estimated to reach revenues worth US$ 2,130.2 Mn in 2017. The market is projected to register steady CAGR, to surpass US$ 2,500 Mn in revenues by 2022-end.

Fog lights, usually placed at front bottom side of automobiles, offer clear view for drivers to avoid accidents caused by reduced visibility while driving in dense fog or heavy rains. Commercially available in 3 colors – white, blue and yellow, demand for fog lights is increasing on the back of surging production of automobiles globally. Increasing awareness about fog light solutions, soaring developments and technological advancements have sustained growth of the global market for automotive fog light.

6 Estimations from the Global Automotive Fog Lights Market

  1. White fog lights will continue to remain sough-after in the market, with sales anticipated to exhibit the fastest expansion through 2022. This is mainly attributed to reduction in glares by white fog lights, which in turn enables drivers in better viewing the obstacles on roads. Blue fog lights will remain the second largest color emission type segment, with revenues estimated to account for more than one-fourth market share in 2017.

 

  1. Based on positioning type, front fog lights are expected to remain preferred in the market during the forecast period. Sales of front fog lights will surpass US$ 2,000 Mn in revenues by 2022-end. However, adoption of rear fog light are expected to be comparatively lower than front fog lights, with sales poised to register a steady expansion through 2022. Rear fog light sales are estimated to witness a decline in market share between 2017 and 2022.

 

  1. Aftermarket will continue to be the largest sales channel in the global automotive fog light market, with sales expected to register the fastest expansion through 2022. Working span of fog lights being limited to few thousand hours, aftermarket tends to be the target for growth opportunity. Fog light sales in OEM are anticipated to exhibit relatively lower CAGR through 2022 than aftermarket.

 

  1. By technology, LED fog lights are expected to remain sought-after in the market. LED fog light sales are expected to account for nearly US$ 1,800 Mn by 2022-end. Revenue from LED fog lights is estimated to account for the largest market share in 2017. In terms of sales, halogen fog lights are anticipated to register the lowest CAGR through 2022. In addition, high intensity discharge (HID) are estimated to remain the second largest adopted technology for automotive fog lights in the market throughout the forecast period.

 

  1. Asia Pacific excluding Japan (APEJ) will continue to be dominant in the global automotive fog lights market, with sales expanding at the highest CAGR through 2022. North America is expected to remain the second largest market for automotive fog lights. However, demand for automotive fog lights in Middle East & Africa (MEA) is expected to be sluggish throughout the forecast period.

 

  1. Key market players profiled in Fact.MR’s report include Flex-N-Gate Corporation, Phoenix Lamps Limited, Robert Bosch GmbH, Warn Industries, Inc., Magneti Marelli S.p.A., Koninklijke Philips N.V., HELLA KGaA Hueck & Co., OSRAM Light AG, General Electric Company, and Valeo SA.

About Fact.MR                                                 
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

9 Insights on Future of Car DVR Market

Provision of safety for car drivers has led towards myriad technologies over the past including basic video recording models, highly advanced dashcams comprising multiple cameras, and ability of recording locations and speeds by GPS. A recent study by Fact.MR offers key insights about the global car DVR market for automobile manufacturers and suppliers.

Fact.MR’s report estimates global car DVR market revenues to surpass US$ 1,000 Mn in 2017. The report projects the global car DVR market to register an impressive expansion at robust CAGR, to reach revenues worth US$ 1,445.5 Mn by 2022-end.

The global car DVR market is influenced by consumer demand for cars with safety features. Many carmakers are offering DVRs as part of in-built packages, whereas aftermarket sales of car DVRs are also growing. Use of car DVR as a proof in road mishaps and insurance settlements is influencing consumers to invest in them. Use of car DVR is also receiving encouragement from law enforcement, and this is further contributing to the growth of the market.

9 insights from Fact.MR’s report on the global car DVR market:

  1. Although single-channel car DVR will remain sought-after in the global market, sales of dual-channel car DVR are expected to register fastest expansion through 2022. Revenues generated by sales of single channel car DVR are expected to reach one billion dollar mark by 2022-end.

 

  1. By price range, low-priced car DVR are expected to remain dominant in the market, expanding at high single-digit CAGR through 2022. In addition, sales of mid-priced car DVR will reach US$ 430.9 Mn in revenues by 2022-end.

 

  1. By vehicle type, sales of DVR will be higher in passenger car segment vis-à-vis commercial segment. Revenues from commercial vehicle segment will remain comparatively lower, expanding at impressive CAGR through 2022.

 

  1. Based on sales channel, aftermarket is projected to register highest CAGR in the market to reach revenues worth US$ 357 Mn in 2017. However, OEM will continue to be the largest segment in terms of revenues.

 

  1. North America will continue to remain dominant in the global car DVR market. Sales of car DVR in this region is estimated to exhibit healthy CAGR through 2022.

 

  1. The car DVR market is estimated to reach US$ 375.1 Mn in revenues by 2022-end. Sales of car DVR in Europe will continue to be influenced by rising consumer awareness and availability of affordable DVR in aftermarket.

 

  1. Asia Pacific excluding Japan remains a lucrative market for manufacturers, owing to high automotive sales in emerging economies of China and India. Owing to the price-sensitivity of the consumers, manufacturers are focusing on providing a range of features at affordable costs. As a result, inclusion of features, such as airbags, music systems, and DVRs is gaining traction.

 

  1. Sales of car DVR in Japan are expected to register stellar CAGR through 2022. The Japan car DVR market is expected to surpass US$ 125 Mn by 2022-end.

 

  1. Key market players identified in the report include Amcrest Technologies, Cobra Electronics Corporation, Honeywell International, Inc., Vicord, ITronics Group Ltd, WatchGuard Video, Pittasoft Co. Ltd., PAPAGO Inc., and FINEDIGITAL Inc.

About Fact.MR                                                 
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Micro Motor Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Micro Motor Market- Fact.MR

Fact.MR’s recently published report estimates the global micro motor market to register a moderate expansion at a little over 4% CAGR during the forecast period 2017 to 2022. Sales of micro motors will account for over US$ 30,000 Mn revenues in 2017; by 2022 this number is expected to incur average increment.

The adoption of brushless DC motors in electric vehicles has witnessed a robust expansion over the past few years. Micro motor manufacturers have been focusing on the development of portable charging tools related to electric vehicles, owing to the concerns associated with future environmental protection. In addition, numerous technological innovations in piezoelectric motors providing high precision have been introduced in the market. For instance, the M3 smart module platform – “SQUIGGLE motor”, developed by New Scale Technologies, has become the revolutionary piezoelectric small-sized micro motor, which delivers high performance. These incidences are expected to propel growth of the market during the forecast period.

Continuous advancements in electronic technology have prompted the micro motor industry to witness mutual merger & acquisition, and adjustment processes with players from drive manufacturing industry. Introduction of drive-to micro motors’ modern design has boosted demand for manufacturing & production processes, and materials required for micro motors, which in turn will fuel growth of the global market for micro motors. In addition, growing number of car sales driven the application of electrical equipment. In vehicles, automatic & quantitative fuel injection system have replaced traditional carburetors, and small motors have replaced the ABS systems. These factors will further augment growth of the market.

12 Key Prospects from Fact.MR’s Report on the Global Micro Motor Market

  1. Brushless micro motors are expected to experience the largest adoption, based on technology, in the global market for micro motor. Brushless micro motor sales are expected to surpass revenues worth US$ 20,000 Mn by 2022-end.
  2. Brushed motor sales will continue to register a sluggish expansion over the forecast period.
  3. Based on application, automotive segment is expected to remain dominant in the global market for micro motor. Revenues from sales of micro motors in automotive applications are expected to hold over 1/4thmarket share during the forecast period.
  4. Industry automation will continue to be the second largest application of micro motors.
  5. Demand for micro motors will remain sluggish in aircraft applications throughout the forecast period.
  6. 12V-48V micro motors will remain dominant in the market based on power consumption, with sales estimated to exhibit the fastest expansion through 2022.
  7. Sales of above 48V micro motors are expected to account for lower revenues as compared to less than 12V micro motors.
  8. DC micro motors are anticipated to remain preferred among products in the market, with sales estimated to exhibit a moderate expansion during the forecast period.
  9. AC micro motor sales are expected to register a sluggish expansion through 2022.
  10. In 2017, Asia Pacific excluding Japan (APEJ) will remain dominant in the global market for micro motor market in terms of revenues, and this trend will prevail throughout the forecast period.
  11. Europe is poised to remain the second most lucrative market for micro motor.
  12. Although, revenues from micro motor market in Middle East & Africa (MEA) will remain lower, sales are estimated to register an above-average expansion over the forecast period.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=95

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.