Thursday, October 24, 2019

Wireless Electric Vehicle Charging Market Growth Analysis, Opportunities and Forecast by 2022

by on October 24, 2019
"Wireless Electric Vehicle Charging Market by Power Source (3 - <11 Kw, 11 - 50 Kw and >50 Kw), Installation (Home and Commercial), Distribution Channel (OEMs and Aftermarket), and Vehicle Type (Battery Electric Vehicles (BEV), Plug - In Hybrid Electric Vehicle (HEV) and Commercial Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2018 – 2025." The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global Wireless electric vehicle charging market generated $21.8 million in 2017 and is projected to reach $1.4 billion by 2025, registering a CAGR of 22.4% from 2018 to 2025.


Increase in sales of electric vehicles and growing demand for energy-efficient sources have fueled the growth of global Wireless electric vehicle charging market. On the other hand, expensive technology has restrained the growth to some extent. Nevertheless, excessive research in far-field wireless charging technologies, high-end technical advancement and smart marketing strategies have created multiple opportunities in the segment.


11-50 KW to be dominant by 2025
Based on power source, the 11-50 KW segment held the lion share in 2017 and is expected to dominate during the forecast period. Increase in the demand for home based and commercial charging features has driven the market. >50 KW segment is expected to grow at the highest CAGR of 40.5%. The fact that it offers fast charging and takes significantly lower time than the usual charging ports has spurred the growth.

The home segment to be in the leading position during the forecast period
Based on installation, the home segment accounted for 85% of the total market and in 2017 and has come out as the major shareholder. As there are limited public charging stations, it has acted as a major driving factor for home installations. And, with most of the EV consumers opting for easy access, there has been a significant growth in the segment.

Asia-Pacific to maintain its top status and to exhibit the fastest growth throughout 2018-2025
The market is analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA). Based on region, Asia-Pacific grabbed 43% of the total market share in 2017 and is also expected to garner the highest CAGR of 27.8% during the period 2018-2025. The government support for automotive industry, upcoming emission regulations, rapid industrialization, rise in demand for electric vehicles and focus on developing newer products to meet changes in consumer demands in the region will influence the growth of wireless electric vehicle charging market.


Key players of the industry
Leading market players analyzed in the research include Robert Bosch Gmbh, Qualcomm Inc., Toyota Motor Corporation, Continental AG, Texas Instruments Inc., Witricity Corporation., Toshiba Corporation., Evatran Group Inc., and Powermat Technologies Ltd. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to maintain their top status in the industry
.
Driving factors for the market
  1. Increase in sales of electric vehicles (EVs)
  2. Increase in demand for energy-efficient sources as an alternative to fuel
Market Restraints and Opportunities: 
  1. Expensive integration of technology and slower charging
  2. Excessive research in far-field wireless charging technologies
  3. Technological advancements and adoption of smart marketing strategy
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Emission Control Technology Market Technique Estimates & Analysis by 2019-2025

by on October 24, 2019
Allied Market Research recently published a report, titled, "Emission Control Technologies Market by Technology {Diesel Particulate Filter (DPF), Gasoline Particulate Filter (GPF), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR) and Exhaust Gas Recirculation (EGR)}, Fuel type (Gasoline and Diesel), and End-User Vertical (Automotive, Marine, Aerospace, Off-highway, Rolling Stock, and Industrial): Global Opportunity Analysis and Industry Forecast, 2018 - 2025". According to the report, the global emission control technologies market accounted for $91.5 billion in 2017 and is expected to garner $160.3 billion by 2025, growing at a CAGR of 7.3% during the forecast period, 2018-2025.


The rise in automobile production, emerging emission control regulations by government, and increased adoption of nanotechnology in emission control technologies drive the growth of the global emission control technologies market. Additionally, innovations in emission control catalysts and surge in government initiatives for emission reduction in emerging economies would provide lucrative opportunities to emerging market players in the near future. However, rise in electric vehicle production and high cost of catalysts hamper market growth.

Selective Catalytic Reduction (SCR) to grow at the fastest CAGR in the future
By technology, the selective catalytic reduction (SCR) segment is projected to grow at the highest CAGR of 13.5% during the forecast period. This is attributed to the imposition of strict emission control regulations such as EURO VI that uses SCR technology to reduce NOX emission. However, the gasoline particulate filter (GPF) segment is expected to continue its dominance and occupy more than three-fifths of the global share by 2025.


Gasoline to remain the dominant segment through 2025
By fuel type, the gasoline segment generated almost four-fifths of the global revenue in 2017 and is expected to maintain this trend throughout the forecast period. However, the diesel segment is expected to register the highest CAGR of 8.4% from 2018 to 2025.

Industrial segment to register the fastest growth from 2018 to 2025
By end-user vertical, the industrial segment is poised to experience the fastest growth from 2018 to 2025, a CAGR of 12.7%. This is due to the adoption of after-treatment devices by industrial engines in compliance with strict emission standards imposed by the regulatory authorities. However, the automotive segment is expected to retain dominance throughout the forecast period on account of mandatory adoption of emission control technologies to reduce tailpipe emission.

Asia-Pacific to generate the highest global revenue in the forecast period
Regionally, Asia-Pacific is expected to occupy more than half of the global shares by 2025, owing to rising population and increased demand for automobiles that meet emission standards.

Key market players
The key players analyzed in the report include BASF, Clean Diesel Technologies, Inc., Clariant, Cormetech, Corning Incorporated, DCL International Inc., Johnson Matthey, Tenneco Inc., Umicore, Walker Exhaust Systems, and others. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.


Driving factors for the market
  1. Emission control regulations by government
  2. Increase in Automobile production
  3. Adoption of nanotechnology in emission control technologies
Market Restraints and Opportunities: 
  1. Growth in production of electric vehicles
  2. High cost of catalysts
  3. Innovations in emission control catalysts
  4. Government initiatives for emission reduction in developing nations
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Wednesday, October 23, 2019

Automotive Seat Market 2019 Trends and Opportunity has Steady Growth Forecast To 2025

by on October 23, 2019
"Automotive Seat Market by Trim Material (Fabric, Synthetic Leather, and Genuine Leather), Seat type (Bucket Seat And Bench Seat), Vehicle Type (Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Vehicle Energy Source (Gasoline, Diesel, Electric, and LPG): Global Opportunity Analysis and Industry Forecast, 2018–2025." The report offers a detailed analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, key segments, and changing market trends. As per the report, the global automotive fabric market was estimated at $71.65 billion in 2017 and is anticipated to reach $101.39 billion by 2025, garnering a CAGR of 4.3% from 2018 to 2025.


Rising sales of luxurious vehicles in developing countries, growing need for lightweight seat frame, and increasing demand for climate-controlled seat technology have fueled the growth of the global automotive seat market. On the other hand, volatility in the prices of metal and slowdown in the sales & production of automobiles hamper the growth to certain extent. Nevertheless, rising demand for animal products free vehicles and growing popularity of autonomous vehicles are expected to create multiple opportunities in the near future.


The fabric segment to remain dominant through 2018–2025
Based on trim material, the fabric segment contributed to more than two-fifth of the total market share in 2017 and is expected to dominate the automotive seat market throughout the forecast period. Growing demand for the polyester and nylon typed fabric material for various interior applications of vehicle along with innovation in fabric material have spurred the growth of the segment.

The passenger car segment to lead till 2025
Based on vehicle type, the passenger car segment held three-fourth of the total market share in 2017 and is anticipated to retain its top status during the forecast period. Increase in demand for vehicles such as sedans, luxury sedans, and mid-range vehicles among others and rise in disposable income are expected to create an opportunity for fabric material for passenger vehicles which, in turn, has risen the requirement of automotive seats used in passenger cars.

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The Asia-Pacific region to rule the roost
Based on geography, the Asia-Pacific region garnered the highest revenue in 2017, accounting for around two-fifth of the total market share. Moreover, the same segment is also expected to grow at the highest CAGR of 3.8% during the study period. Rise in adoption of fabric material in automotive, focus on developing newer products, increase in vehicle sale, and government investments & initiative in emerging economies have driven the growth of the automotive seat market across Asia-Pacific region.

Key market players
The key players analyzed in the automotive seat market report include Aisin Seiki Co., Ltd, Faurecia, GENTHERM, Lear Corporation, NHK SPRING Co., Ltd., Magna International Inc, TS Tech Co., Ltd. Adient plc, Tachi-s Co., Ltd., and Toyota Boshoku Corporation. The top-end strategies they adhere to have helped them cling onto their top status in the market.

Driving factors for the market
  • Rising sales of luxurious vehicles in developing countries
  • Growing need for lightweight seat frame
  • Growing need of climate-controlled seat technology
Market Restraints and Opportunities: 
  1. Volatility in the prices of metal
  2. Slow-down in the sales and production of automobile
  3. Rising demand of animal products free vehicles
  4. Growing popularity of autonomous vehicles
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Tuesday, October 15, 2019

Commercial Avionics Systems Market Competitive Landscape and Revenue Forecast by 2019-2025

by on October 15, 2019
Commercial Avionics Systems Market Report, published by Allied Market Research, states that the commercial avionics systems market was valued at $16 billion in 2014 and is projected to reach $26 billion by 2022, growing at a CAGR of 7.1% from 2016 to 2022.

North America dominates the global commercial avionics systems market pertaining to the advancements in technologies particularly in the CNS and the flight control systems, paired with the presence of major aircraft manufacturers including The Boeing Company, Bombardier Inc., and others. Further, the investments in technological enhancements such as better in-flight entertainment systems and glass cockpits supplement the regions dominant position.
Surge in the number of aircraft deliveries, increasing demand for real-time data, economic growth in emerging countries, and increasing demand for in-flight entertainment (IFE) services are expected to drive the growth of the global commercial avionics systems market. However, factors such as vulnerability to cyberattacks and high costs involved are expected to hamper the market growth during the forecast period. Growth of low cost carriers in emerging economies is expected to provide lucrative opportunities for the commercial avionics systems market growth.
In 2015, the communication, navigation, & surveillance (CNS) sub-system accounted for the maximum revenue share among the sub-system types in the commercial avionics systems market. This is due to the increasing demand for real-time data in the aviation industry. In addition, the health monitoring systems are expected to witness the fastest growth over the forecast period. Among the types of aircraft, the wide-body aircraft dominated the global commercial avionics systems market in 2015. However, the narrow-body aircraft are expected to grow at the fastest pace over the forecast period.
The Asia-Pacific commercial avionics systems market is estimated to grow at the highest rate due to increasing requirements of aircraft from the aviation industry and increased government initiatives.
Key Findings of the Commercial Avionics Systems Market:
  • The communication, navigation, and surveillance system is expected to exhibit a significant increase in the commercial avionics systems market growth.
  • In 2015, wide-body aircraft generated the highest revenue among other aircraft types.
  • Asia-Pacific is projected to exhibit a substantial growth during the forecast period.

The key players profiled in the report include United Technologies Corporation, Thales Group, GE Aviation, Garmin Ltd., Rockwell Collins, Honeywell International Inc., L-3 Communications Holdings, Inc., Panasonic Avionics Corporation, Universal Avionics Systems Corporation, and Teledyne Technologies, Inc.
Driving factors for the market
  1.  Surge in number of aircraft deliveries
  2. Increasing demand for real-time data
  3.  Economic growth in emerging economies
  4.  Increasing demand for in-flight entertainment (IFE) services

Market Restraints and Opportunities: 
  • Vulnerability to cyber attacks
  •  High costs involved
  •  Growth of low cost carriers (LCC) in emerging economies
  •  Increasing investments in NextGen avionics
  • Improvement in commercial aviation network
  • Government initiatives

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Monday, October 7, 2019

Hydrogen vehicle Market -2019 Key Companies Profile, Supply, Demand, Cost Structure Analysis

by on October 07, 2019
Hydrogen vehicle is a vehicle that uses hydrogen as its onboard fuel for motive. It includes hydrogen-fueled automobiles, space rockets, and other transportation vehicles. The power plants of hybrid vehicles convert chemical energy to mechanical energy either by burning hydrogen in an internal combustion engine or by reacting hydrogen with oxygen in a fuel cell to run electric motors. Toyota Motor Corporation, Hyundai Motor Company, and Honda Motor Co. Ltd., are some of the key players operating in the hydrogen vehicle market.


The market is expected to experience significant growth rate due to the development of infrastructure to produce hydrogen. Further, domestic presence of hydrogen fuel cell vehicle (HFCV) OEMs in the regions, tax rebates, and developments in aggressive hydrogen refueling stations (HRS) fuels the market growth. However, initial large investment in infrastructure is expected to restrain the market growth. Moreover, incentives and investment by governments to help propel hydrogen vehicle provides ample of opportunity to the growth of the market.

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The report segments the hydrogen vehicle market on the basis of vehicle type and geography. On the basis of vehicle type it includes commercial vehicle and passenger vehicle. On the basis of geography, itis analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Major Players of Hydrogen Vehicle
  • Toyota Motor Corporation,
  • Hyundai Motor Company,
  • Honda Motor Co. Ltd.,
  • Daimler AG., Audi,
  • BMW, General Motors,
  • MAN, Ford Motor Company
  • VOLVO.
Key Benefits
  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global hydrogen vehicle market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
  • This report entails the detailed quantitative analysis of the current market and estimations through 2016-2023, which assists in identifying the prevailing market opportunities.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework
  • Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these geographies
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Hydrogen Vehicle Market Key Segments:

By Vehicle Type
  • Commercial Vehicle
  •  Passenger Vehicle
By Region
  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
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Brake Systems Market Application, Types, Region and Business Growth Drivers by 2019

by on October 07, 2019
The global brake systems market is driven by increase in vehicles, use of highly specialized cranes for construction, rise in drilling & exploration of oil & gas, and strict reforms in traffic implementation. However, duplicate & low-quality brakes system restrains the growth of the market. Moreover, use of eco-friendly & light weight brake system is expected to provide new opportunities in the brake systems market.


brakes drives the market. This eventually boost the growth of the sectors such as automotive, oil & gas, steel industry, coal industry, and others. In the recent years, rapid urbanization and demand for convenient lifestyle have propelled the market. These factors are anticipated to make way for growth opportunities during the forecast period.

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The global brake systems market is segmented based on type, component, application, and geography. Based on type, it is categorized into disc, drum, anti-lock braking system, advanced emergency braking system and others. Based on the component, it is classified into pad, shoe, drum, lining, rotor, system, and others. Based on application, it is divided into commercial vehicles, aerospace, industrial machines, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Key Benefits for Stakeholders:
  • The study provides an in-depth analysis of the global brake systems market to elucidate the prominent investment pockets from 2016 to 2023.
  • Current trends and future estimations are outlined to determine the overall brake systems market scenario.
  • The report provides information about the key drivers, restraints, and opportunities with a detailed impact analysis.
Brake System Key Market Segments:

By Type
  •  Disc
  • Drum
  • Anti-lock Braking System
  • Advanced Emergency Braking System
  • Others
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By Component
  • Pad
  • Shoe
  • Drum
  • Lining
  • Rotor
  • System
  • Others
By Application
  • Commercial Vehicles
  • Aerospace
  • Industrial Machines
  • Others
Key Market Players:
  • Tenneco Inc.
  • Federal-Mogul LLC.
  • AISIN SEIKI Co., Ltd.
  • Miba AG
  • Robert Bosch GmbH
  • Nisshinbo Holdings Inc.
  • Brembo S.p.A.
  • SGL Group
  • Akebono Brake Corporation
  • Delphi Automotive LLP
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