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url 2020-03-19 13:14
Two Wheeler Lead Acid Batteries Market Estimated to Exhibit 6% CAGR through 2019

 

Two wheeler batteries are installed in both, IC engine-propelled as well as in electric two wheelers, to operate the electric parts of the vehicle. In electric two wheelers, batteries are used to power the engine and transmission of the vehicle. Rising demand for two wheelers, including electric two wheelers, sports bikes, and cruiser bikes, is anticipated to create significant growth opportunities for two wheeler lead acid batteries through 2029.

Source: www.futuremarketinsights.com/press-release/two-wheeler-lead-acid-batteries-market
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text 2019-10-23 11:50
Autonomous Vehicle Market Future Scope, Current Demand, and Worldwide Trends

The Global Autonomous Vehicles Market is subject to witness a substantial growth due to the shifting focus towards a supportive regulatory framework, increase in government funding to promote adoption of automation and digitalization in the automotive sector and recent advancement in the digital infrastructure. The autonomous vehicles are also referred as self-driven cars; they are considered as a key innovation in the automobile sector.

 

Growing popularity among consumers is considered as major catalyst for the robust market growth of autonomous vehicles industry, in the recent years. Globally, the autonomous vehicles market is predicted to grow at CAGR of 41.61% over the forecast period, providing numerous opportunities for market players to invest in research and development of the autonomous vehicles market.

 

Additionally, availability of a wide range of products and vast industrial infrastructure in the North America and European region are anticipated to fuel the market demand for the autonomous vehicles over the forecast period. The recent technological advancements coupled with development of the novel products such as Lidar, stereo vision, GPS and IMU are expected to boost market growth in the upcoming years.

 

Adoption of the sensors such as LiDAR and RADAR that help to carry out automated operation is estimated to foster market demand further. The automated systems perform complex tasks such as situational analysis, motion planning and trajectory control with the help of navigation sensors. The current advancements in automotive industry coupled with high-end market penetration are some of the key catalyst for robust market growth in the last few years.

 

 

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The autonomous vehicles market is broadly categorized into two major types based on the end-user requirements such as transportation and defense. Transportation is considered as one of the fastest growing segment in the autonomous vehicles market with substantial revenue generation in the last couple of years. The transportation market segment is further divided into two types such as industrial and commercial sub-segment. The commercial sub-segment has witnessed exponential growth over the forecast period owing to the high adoption of driverless technology in transportation and favorable government initiatives regrading transport regulations in order to generate a gateway for self-driving vehicles.

 

Increasing investment by industry players for research & development of autonomous vehicles has led to rapid advancements in the automotive sector in terms of technologies. In addition, growing competition in the market coupled with partnerships and mergers among industry players to gain competitive edge are driving market expansion in the upcoming period. Favorable government laws and regulation form developed as well as developing economies is propelling market growth for autonomous vehicles.

 

An autonomous vehicle, also referred as a driverless vehicle and a self-driving vehicle, has capability to understand or sense its surrounding environment by navigating without human input. Autonomous vehicle uses different types of techniques to understand or sense its surrounding environment with help of electronic real devices such as radar, laser light, GPS, odometer, and computer vision. An autonomous vehicle consists of an advanced control system that decipher sensory data to locate desired navigation paths, as well as obstacles and relevant signage.

 

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the automotive sector, increase in the adoption of automation and digitalization, and existence of well-established industrial infrastructure.

 

Asia-Pacific region is predicted to hold major market share in the autonomous vehicles market with massive growth in forecast period. Countries such as India, China, Japan and South Korea are leading the Asia-Pacific market with strong economic growth, rapid industrialization, growing vehicle production, increase in disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.

 

The key players in the autonomous vehicles market are Audi AG, BMW AG, Daimler (Mercedes Benz) Inc., Ford Motor Company Co., General Motors, Inc., Google LLC, Honda Motor Co., Nissan Motor Company Co., Tesla, Inc., Toyota Motor Co., Uber Technologies, Inc.; Volvo Car Co., and Volkswagen Group.

 

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text 2019-10-23 11:47
Logistics Market Development Trends, Business Opportunities, and Analysis

The Global Logistics Market is subject to witness a substantial growth due to the recent technological advancement in the various logistics services, rising transportation activities in both developed and developing economies across the globe and increasing shipping demand. The number of service providers are improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years. Additionally, shifting trends towards early adoption of advanced services such as automated freight payment and audit procedure to achieve cost-effectiveness are anticipated to drive the growth of logistics market over the forecast period.

 

Other factors such as reduction of capital expenditure (CAPEX), risk management, better inventory management, and directing on the core competencies of different business operations. Globally, the market is predicted to grow at high CAGR during the forecast period, providing numerous opportunities for market players to invest in research and development in the logistics market.

 

Robust growth of the logistics industry is majorly attributed to the high-end international trade flow and the strong economic growth in the developing economies such as India, China and Brazil. Increasing transportation & infrastructural activates in the Asia Pacific and North America region is anticipated to boost market growth in the upcoming years. Additionally, intra-regional trade and international among developing economies across the globe coupled with higher growth rate in the Asia Pacific region are expected to drive the growth of logistics market over the forecast period.

 

 

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Increasing adoption of various logistics services in various sectors such as manufacturing, retail, trade and transportation. Other application of the logistics services include private and local utility sector, healthcare industry, media and entertainment sectors. These factors are expected to foster market expansion of logistics industry over the forecast period. Recent adoption of thirds party logistics services in the telecommunication, banking and financial services, and information technology industry is estimated to expand overall market reach in the near future as well. In addition, development of latest technologies and introduction of novel products such as the freight brokers and different value-added services are driving market growth in the recent years. Introduction of freight brokerage and transportation activities that complies with the stringent governmental laws and regulations has provided numerous growth opportunities for industry players. Increasing investment in the logistics services by leading industry players to improve their supply chain activities, thus enhancing their existing services and achieve cost efficiency, are anticipated to boost market demand further.

 

Furthermore, growing implementation of third party logistics services (3PL) by various end-user industries and adoption of advanced business model to completely utilize the unused warehouse space and resources, are projected to stimulate the growth rate of logistics market. Recent technological advancement in the logistics industry such as early adoption of automation and the rising popularity of IoT-based services are expected to offer multiple growth avenues over the next seven years. The Domestic Transportation Management (DTM) is considered as one of the fastest growing segment in the logistics market with substantial revenue generation in the last couple of years.

 

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the logistics industry, increase in demand for logistics software, massive investments for visibility and route optimization, and existence of well-established transportation infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the logistics market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with strong economic growth, growing infrastructural activities, and significant investment by leading industry players considering potential growth opportunities in the region.

 

The key players in the logistics market are J.B. Hunt Transport Services LLC, C.H. Robinson Worldwide Inc., Ceva Holdings LLC, FedEx Co., United Parcel Service Inc., Expeditors International of Washington Incorporations, XPO Logistics Co., Kenco Group Inc., Deutsche Post DHL Group AG, Americold Logistics, LLC, and UTi Worldwide Incorporations.

 

Browse Related Category Market Reports @

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text 2019-07-01 08:05
Spare Parts Logistics Market Key Players Analysis and Competitive Strategies

Global spare parts logistics market is estimated to grow substantially in the forecast period due to growing emphasis of OEMs on aftermarket for better profits. Spare parts logistics is the management of the flow of accessories required by different industries from one location to another. It helps in proper planning of the process chain, looks after supply management, controls the availability of stocks and service parameters, inspects the quality of spare parts, and tracks the consignment.

 

Factors influencing the growth of the market are rise in demand for spare parts for automobiles, increasing developments in automobile industry, and rising investments in service industry. Moreover, increased competition among market players and rise in demand from developing economies of Asia Pacific like China and India are also driving the spare part logistics market. However, high cost of spare parts supply chain is expected to hamper the market growth.

 

Advent of block-chain technology for simplified tracking of the spare parts supply chain is one trend observed in the market. Nonetheless, increasing need for curtailing the costs of supply chain is a challenge for the spare parts logistics market.

 

 

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Market is categorized on the basis of type, application, and geography. On the basis of type, market is divided into waterway freight, airway freight, and roadway freight. Roadway freight segment lead the market owing to booming automobile industry.

 

In terms of application, market is divided into technology industry, industrial sector, electronics industry, automotive sector, and others. Automotive sector is predicted to hold larger share of the market due to high demand for the spare parts because of rising demand for vehicles.

 

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific and Middle East and Africa is anticipated to dominate the market owing to developments in automotive industry. Europe is also expected to hold larger share of the market due to the presence of larger number of manufacturers and mature automobile market.

 

The prominent players in spare parts logistics market include Deutsche Post DHL, Ryder, CEVA Logistics, Lockheed Martin, Kuehne + Nagel Inc., SEKO Logistics, Beumer Group, Network Global Logistics, TVS Logistics, FedEx Supply Chain, Broekman Logistics, Logwin, PTC Servigistics, Choice Logistics, Kerry Logistics, and United Parcel Service of America Inc.

 

Browse Related Category Market Reports @

https://www.millioninsights.com/industry/automotive-and-transport

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text 2019-04-23 11:21
Explore Why In-Car Apps Market Booming Worldwide

23 April 2019, The In-Car Apps Market is expected to grow at a high CAGR from 2016 to 2024 due to the growing use of the infotainment platforms in vehicles. In-car apps help the driver to maintain focus while driving by providing certain features such as gesture recognition, voice control by eliminating the extra control buttons. They also offer features such as evolved cruise control, autonomous emergency brake, traffic jam warning, change of lane assist, blind spot data and autonomous emergency brake. The multiple uses of the apps are expected to lead to the immense growth in the in-car apps market.

 

The importance given to road safety, fuel economy & efficiency, security & insurance liability which are expected to propel the growth in the in-car apps market. The growing income levels in developing countries of Asia Pacific and Europe is anticipated to drive the demand for luxury vehicles and smart cars, which is in turn expected to drive the growth of the global in-car apps market.

 

In-car apps assist drivers in parking, car to car communications, lane departure, traffic signal warning, surround view systems and autonomous parking. It also provides additional features through sensor technologies such as camera, radar, and ultrasound.

 

The usage of the in-car apps helps monitor car repairs with the aid of smartphones. They also help customers to connect to various service professionals, carry out communication through texts, pictures, and videos. These apps help in the diagnostics of the vehicles by continuously monitoring vehicle damage and performance of different parts.

 

The implementation of in-car apps is advantageous to automobile manufacturers as they can exploit new revenue streams and create revenue sharing. The apps have become an essential platform for conducting business and managing customer relationships. Further, the car dealers utilize these apps to communicate servicing reminders, drive traffic to the showrooms and manage customer relationships.

 

Automobile manufacturing companies are concerned about the safety & reliability of the mobile app solutions, open app ecosystem, and app data privacy. The in-car apps market is at a nascent stage; this market is anticipated to grow at a rapid pace over the coming years on account of high investments in technological developments and innovation.

 

Get Sample Copy of this Report @ https://www.hexaresearch.com/research-report/in-car-apps-market/request-sample

 

The in-car apps market can be segmented on the basis of applications into navigation, social networking, travel, music, entertainment, lifestyle, news, and weather. In 2015, navigation was the most widely used app in cars which accounted for around 53% market share followed by the weather app which accounted for an overall 40% market share.

 

The in-car apps market is segmented on the basis of technology into embedded model, external model, and hybrid model.  In the embedded model the apps are downloaded in the vehicle and runs on the cars system.

 

The external model refers to the apps present in a smartphone or tablet which need to be connected to the car's system via Bluetooth or a USB port. The Hybrid model apps are accessed through a built-in technology.

 

The other applications of the in-car apps are books, business/productivity, health & fitness, points of interest/local and education and podcasts. This accounts for less than 15% usage among the users. The largest demand is expected for in-car music app over the coming years.

 

North America and Western Europe are estimated to have 92 million internet vehicles by 2016. Further, there is a high demand expected for the in-car apps from the Asia Pacific and the Middle East & Africa region on account of the rising demand for automatic and advanced cars. The luxury car market in Asia Pacific and the Middle East is also expected to experience tremendous demand over the coming years.

 

Ford Motor Company is in a process of developing a new app which is called Sync Connect and would be able to start, stop, lock, and unlock with the help of a remote. This app has features such as voice activation for smartphones that will allow free emergency calls and also allow the users to retrieve the status of car systems like fuel levels, oil level, tire pressure and battery status. This app consists of two-tier authentication security and will also require user confirmation of the system setup through the car console.

 

The top players in the in-car apps market are Apple Inc., Google Inc., and Mirrorlink. Microsoft which recently entered the market. The other prominent players in the market are Ford Motor Company, AT&T Inc, Delphi Automotive LLP, Alcatel-Lucent, Audi AG, NXP Semiconductors, General Motors and Sierra Wireless among others.

 

Browse Related Category Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

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