Automotive Business Point

Smart parking systems help the vehicle user to find the nearest parking space and provides information on the availability of parking slots in the parking area. The smart parking systems market includes sensors, real-time data and smart-phone-enabled automated payment systems that allow the users to reserve parking slot in advance. The systems identify the exact state of a parking space, if vacant or occupied, and examines and transmits information to various sources, which include mobile applications, signage and web-based applications. The parking systems involve a wide range of technologies and equipment that suits to various parking lots. The parking technologies can be designed and modified as per the requirements of various parking spaces available. Residential buildings and complexes have limited flow of passenger cars and SUVs although places like hospitals, shopping malls and corporate hubs have a large number of vehicles coming and exiting from the parking areas on a r...

Tire Market Overview The global tire market is expected to witness significant growth during the forecast period, primarily due to the growing vehicle-manufacturing industry. In recent years, the adoption of personal transportation vehicles, especially in China and India, has ramped up, leading to the growth of the market. In addition, advancements in the tire technology are expected to boost the market growth in the coming years. Image Source@ autopro.hu On the basis of vehicle type, the tire market has been categorized into passenger cars, commercial vehicles, two-wheelers, and others. The passenger car category is expected to observe significant market growth during the forecast period, much of which can be attributed to the growing rate of personal vehicle ownership across the world, primarily in developing economies such as China and India, where the standard of living has considerably improved in the past decade. On the basis of sales channel, the tire market has ...

With the growing dependence on video surveillance for safety purposes, the demand for vehicle cameras is expected to grow during the forecast period. The growth of the global vehicle camera market is driven by the constantly increasing population and advancements in complementary metal oxide semiconductor (CMOS) image sensors used in automotive cameras. The changing focus of manufacturers towards replacement of side view mirrors with cameras is another factor behind the growth of the global market. The demand for vehicle camera is also driven due to the various advantages offered by such cameras, especially when used in the case of accidents and theft evidence. Moreover, most automotive cameras are equipped with features, such as G-sensors, global positioning system (GPS), night video recording, and loop recording and high-quality day. Vehicle cameras are attached to the dashboard of windshield of different vehicles. These are real video recording devices designed to record real-...

The global automotive alloy market observed significant evolution during the historical period. Major factors propelling the development of the market include research and development for improving fuel efficiency, stringent emission norms, and growing governments’ legislations for reduction in complete vehicle weight. In addition, rapid urbanization, increasing vehicle production, growing demand for automobiles, regulations related to fuel efficiency, and improvement in driving dynamics are further boosting the evolution of the market. Automotive alloys are used in manufacturing of powertrain, chassis, and exterior and interior parts of commercial and passenger vehicles to reduce their weight and increase fuel efficiency. The automotive alloy market has been segmented on the basis of type, sales channel, vehicle type, and geography. Based on region, the automotive alloy market has been categorized into North America, Europe, Asia-Pacific (APAC), and rest of the world. APAC is ...

The global automotive auto dimming mirror market is expected to see substantial growth in the coming years due to increasing concerns for passenger safety, rise in production of passenger cars, and increasing demand for luxury features in passenger cars. The increasing number of road accidents across the world is a prime concern for passengers and drivers. To reduce accidents, vehicle manufacturers are integrating different safety features in automotive mirrors. This integration of safety features in vehicles is expected to drive the automotive auto dimming mirror market during the forecast period. These mirrors significantly reduce the glare of light coming from the trailing vehicles, thereby increasing visibility and reducing driver’s fatigue. On the basis of application, automotive auto dimming mirror market is categorized into inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM). IRVM is expected to hold the largest share in the industry during the forecast p...

Automotive LED Lighting Market Overview The global automotive light-emitting diode (LED) lighting market is expected to witness significant growth during the forecast period, on account of the growing production of passenger cars and heavy-duty vehicles, low cost of the LED, and long endurance life of LED lamps. On the basis of vehicle type, the automotive LED lighting market has been categorized into passenger cars, light commercial vehicles, and medium and heavy commercial vehicles. During the forecast period, the market for LED lights is anticipated to witness the fastest growth in the category of passenger cars, mainly due to the increased sales of these cars in developing economies such as China, Thailand, Indonesia, and India, owing to rise in the standard of living in these nations. For instance, in October 2018, sales of passenger cars in India stood at 2,84,220 units as compared to 279,881 units in October 2017, demonstrating an increase of near about 1.5%. These numbe...

The global  automotive sunroof market  was valued at $4,924.5 million in 2015, and it is expected to grow at a CAGR of 10.9% during 2016 - 2022. The factors driving the growth of the global market includes growing need to control light inside vehicle, growing demand for premium cars, and greater glass surface area in automobiles, including larger sunroofs. Additionally, the development of technology for reducing cost and expanding functionality of sunroof glasses and increasing consumer preference towards automotive sunroof vehicles in developing nations are expected to further propel the global demand of automotive sunroof. In 2015, Europe held the largest share in the global automotive sunroof market. The automotive sunroof market in the region is anticipated to grow significantly during the forecast period. The major reasons behind the growth of the automotive sunroof market are strict environment regulations, increasing demand for electric vehicles, and growing need t...

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. The major factors restraining the growth of the market include volatile price of raw materials and growth in electric vehicles market. On the basis of technology, the automotive engine oil market has been broadly classified as premium conventional engine oil, full synthetic engine oil, synthetic blend engine oil and higher mileage engine oil. 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 au...

The major factors behind the India automotive human machine interface (HMI) market growth are rising sales of passenger car, increasing in-vehicle connectivity, and growing demand for comfort and in-vehicle safety features. The market generated a revenue of $466.9 million in 2017, and it is predicted to reach $1.0 billion by 2023, witnessing a CAGR of 14.1% during the forecast period 2018–2023, according to P&S Intelligence. Automotive HMI includes multiple system that permits drivers to interact with their vehicles. It works with the human touch, voice commands, and body language. Nowadays, people want to be in touch with the world even while travelling. In the near future, automobiles with the cloud services would majorly connect with the outer world. With the changing customer preferences, automotive makers through collaborations with consumer electronic or IT vendors are installing in-vehicle connectivity features in the infotainment systems. For instance, Reliance Ji...

The global  automotive air suspension system market  was valued at $4,963.6 million in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 - 2022. Increasing demand for luxury and comfort, and growing demand for premium cars and luxury buses are expected to drive the automotive air suspension market over the forecast period. Moreover, stringent emission control norms and fuel efficiency regulations in different countries is enforcing stringent targets to OEMs. This in turn, has increased the demand for lightweight air suspension system in the automotive industry. For instance, Kenworth Truck Company, a U.S. based manufacturer of medium and heavy-duty Class 8 trucks, introduced air ride suspension system in its vehicles to reduce the weight of suspension system by 400 pounds. ECOmove, an Australian company, developed patented ‘Qbeaks’ suspension composed entirely made of composite materials. The increasing industrialization has enhanced the overall purchasin...