Automotive Business Point

Owing to the surging accidents on roads, it has become necessary to equip vehicles with features that can help in avoiding accidents, or at the very least, reducing the negative after-effects of one. Attributed to this, governments of several countries has made it mandatory for vehicles to be integrated with certain features that will be of aid in case of an accident-like scenario. Technological advancements in the automotive industry has significantly contributed to increased vehicle safety, as advanced solutions have been introduced in the industry. Automotive sensors are among such devices that are being widely incorporated in vehicles for increasing their safety. As stated by a P&S Intelligence report, the global automotive sensors market is predicted to reach a value of $58,215.3 million in 2030, increasing from $25,723.8 million in 2019, progressing at a 7.4% CAGR during the forecast period (2020–2030). Intelligent sensors that can be utilized for controlling and processing

The need for cost-effective mobility solutions is increasing across the globe. Youngsters these days are becoming more and more inclined towards making use of alternative mobility options rather than buying personal vehicles. As people are becoming more aware regarding the negative impacts of fuel-based vehicles on the environment, they are shifting towards more eco-friendly solutions. Ascribed to this, the adoption of peer-to-peer (P2P) carsharing services has increased considerable across the globe. Under this service, car owners are able to rent their personal vehicles to other people in their area.  Request to Get the Sample Report: Luxury, economy, and executive are the three types of cars that are used for providing P2P carsharing services. Out of these, the demand for economy cars was the highest in the past, and the situation is expected to remain the same in the coming years as well. The high preference for these vehicles can be attributed to their increased fuel efficiency as

The major reasons behind the robust growth of the   U.S. automotive tire market  are the expansion in the country’s automotive industry and high replacement rate of tires. The latter is itself due to the increasing age of vehicles, as technological advancements and stricter production and passenger safety standards are leading to a better quality of the components and overall automobile. As per the International Energy Agency (IEA), till 2008, the U.S. was the largest automotive market in the world, while since 2008, it has been the second-largest. Passenger vehicle, two-wheeler, medium and heavy commercial vehicle, and light commercial vehicle are the various categories under the vehicle type segment of the U.S. automotive tire market. Among these, till now, the passenger vehicle category has held the largest share, as the burgeoning sales of pickup trucks have significantly raised the demand for tires in the country. Further, the number of passenger vehicles produced and sold is a lo

The automotive industry is under immense pressure to reduce carbon footprints, as the excessive usage of fossil fuels for powering up vehicles has had a negative effect on the environment. Air pollution levels all across the globe, including India are surging and the situation doesn’t seem to get better. India is one of the bottom five nations in the environmental health category. The country ranked 178 out of 180 in terms of air quality as per the Environmental Pollution Index. Owing to these factors, the need for coming up with solutions that help in curbing air pollution levels is surging in India. This, in turn, is resulting in the growth of the  Indian electric car market . The emissions generated from conventional ICE vehicles has led to global warming and the depletion of the ozone layer. The use of electric cars however, instead of ICE cars, can significantly aid in reducing air pollution and at the very best won’t result in as much pollution as ICE vehicles. The Indian electri

The European electric bus charging station market is predicted to generate a revenue of $697.7 million by 2025, increasing from $221.2 million in 2018, progressing at a 22.4% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into opportunity charging, depot charging, and others, out of which, the opportunity charging division held the major share of the market in 2018. These chargers facilitate reduced downtime for charging, expedite the overall charging process, and have easy functioning. When charger is taken into consideration, the market is bifurcated into on-board and off-board chargers, between which, the off-board bifurcation accounted for the larger share of the market in 2018. The bifurcation is further projected to hold the major share of the market during the forecast period, as these chargers aid in reducing the weight of the vehicles, which, in turn, allows for rapid charging at higher power levels. These chargers are further preferre

Conventional fuels, such as gasoline and diesel, have adversely impacted the atmosphere. The uncontrolled rise in air pollution levels mandates the usage of cleaner fossil fuels. Compressed natural gas (CNG) and liquefied  petroleum gas (LPG) are the most-popular alternative hydrocarbonstogasoline and diesel in the automotive industry. CNG and LPG vehicles have long marked their presence in the automobile industry; for instance, in Delhi, all commercial passenger vehicles must use CNG. These replacement fuels adhere to the emission limits, therefore will go a long way in reducing the pollution levels. This expanding  CNG and LPG vehicle market   reflects the shift toward clean energy. As per P&S Intelligence, Europeans purchased the maximum number of clean-fuel vehicles in 2015. European nations, including Russia, Ukraine, Italy, and Germany, are home to major marques, such as Volkswagen Group, Mercedes-Benz, Volvo Group, and Mitsubishi, which are manufacturing technologically adva

The global vehicle-to-vehicle communication market is predicted to reach a value of $77.1 billion in 2030, increasing from $14.5 billion in 2019, progressing at a 16.6% CAGR during the forecast period (2020–2030). The key factors leading to the growth of the market are the increasing demand for enhanced safety features in vehicles, existence of supportive government regulations, and growing adoption of connected vehicles. When vehicle type is taken into consideration, the market is divided into commercial vehicle and passenger car. On the basis of deployment, the V2V communication market is categorized into aftermarket devices and original equipment manufacturer (OEM) devices. Between these two, the OEM devices category accounted for the larger share of the market during the historical period (2015–2019), owing to the fact that most of the vehicle manufacturers offer in-built systems in their vehicles. In addition to this, these devices also provide highly precise information and cont

As per an article on Bloomberg, the number of electric buses in operation in the U.S. rose from 300 in 2018 to 650 in 2019, and by 2045, this number would increase to more than 35,000!As per the International Energy Agency (IEA), carbon emissions in the country stood at 4,766.4 million tonnes of carbon dioxide equivalent (Mt of CO2e) in 2019, the second-highest in the world, after China. Moreover, as per the Environmental Protection Agency (EPA), the transportation sector of the country is the largest carbon emitter, accounting for 28% of all emissions in 2018. This is why the federal, state, and county governments are trying to electrify their public transport with the addition of electric buses. P&S Intelligence considers this to be the most important factor that would drive the U.S. electric bus charging station market from $20.9 million in 2018 to $184.5 million by 2025, at a monumental 37.1% CAGR between 2019 and 2025 (forecast period). Just like conventional buses need gas s

The adoption of electric vehicles in Asia-Pacific (APAC), particularly in countries including India and China, has increased considerably over the past few years. This can be primarily be attributed to the increasing awareness among people regarding the swift deterioration of the environment. In addition to this, governments of different countries are also trying to encourage the adoption of electric vehicles for keeping the air quality in check and reducing the surging air pollution levels. Governments are providing incentives such as subsidies, tax rebates, and grants on the purchase of electric vehicles in the APAC region. Request to Get the Sample  Report@   https://www.psmarketresearch.com/market-analysis/apac-lsev-market/report-sample It is because of all these reason that the adoption of low-speed electric vehicles has risen substantially in APAC. According to a report by P&S Intelligence, the APAC LSEV market is predicted to attain 71.8 million units by 2025, advancing at a

What helps a vehicle move smoothly on the road? It is not the engine, the shock absorbers, or the tightly welded/bolted metal frame; it is actually the humble tire! With continuous driving, the tire experiences significant wear and tear, just like any other component of an automobile. Another reason for the high demand for these components is the rising average age of vehicles. With automobiles being used for longer periods than before, the tire replacement rate is also going up. For instance, in the U.S., an automobile was driven for around 10.2 years on an average in 2010, but by 2018, the average age of vehicles had risen to 11.5 years. The key reasons behind this has been the fierce competition in the auto sector, which is impelling vehicle manufacturers to offer better and more-durable automobiles to customers. In addition, several stringent government regulations have also been implemented in this regard in the country. Owing to all these factors, the U.S. automotive tire market

As per a report by P&S Intelligence, the global internet of things (IoT) in logistics market is projected to advance robustly at a 13.2% CAGR during the forecast period (2020–2030). The market attained a value of $34,504.8 million in 2019, which is predicted to rise to $100,984.5 million by 2030. The growth of the domain is dependent upon the expansion of the e-commerce industry across the globe and rising demand for increased efficiency in logistics operations. Considering mode of transport, the market is categorized into waterway, roadway, airway, and railway. Out of these, the roadway category held the largest share of the   IoT in logistics market  in the past, and the category is also predicted to dominate the market during the forecast period. This is owing to the fact that about 80% of the total logistics activities in the U.S., which is a major revenue generator for the industry, are carried out through roadways. In addition to this, 88% of the total logistics activities in