Automotive Business Point

Automotive simulation is the usage of simulation software for model testing and prototyping of an automobile to ensure the complete functionality of the vehicle. In recent years, automakers have been increasingly using this software for vehicle testing because they are working on several models based on varying parameters, which need model testing before they are validated and finalized. In the coming years, advanced simulation software and related technologies will be largely used for autonomous cars, smart driving truck platooning, and fleet management. Automotive Simulation Market The surging integration of simulation features in vehicles can be credited to the growing awareness about vehicle and passenger safety. Owing to this reason, the automotive simulation market will register considerable growth during 2020–2030. At present, simulation software developers and automotive original equipment manufacturers (OEMs) are actively focusing on research and development (R&D) activiti...

The expansion of the e-commerce sector in India, owing to the rising urbanization rate, surging disposable income, and changing consumption patterns of customers, is creating a huge requirement for retail logistics solutions. Besides, the vast customer base of India, escalating internet penetration, and large-scale adoption of smartphones are also strengthening the e-commerce industry. Moreover, the increasing demand from customers for prompt delivery of essential goods at their doorsteps is leading to the launch of efficient logistics services. India Retail Logistics Market Apart from this, the rising adoption of digital freight brokerage in logistics services will boost the Indian retail logistics market growth during 2020–2030. Digital freight brokerage services allow on-demand delivery of goods and ensure the real-time tracking of the transported goods, which offers higher security and reduces the risk of loss in transit. Logistics firms opt for these services during periods of hig...

With the rising consumer requirement for faster product delivery, the demand for two-wheeler logistics solutions is growing rapidly across the world. Moreover, customer buying behavior and expectations are changing rapidly, as they are increasingly expecting free and fast shipping along with competitive product prices. As this delivery schedule challenges the traditionally used logistics, businesses are increasingly focusing on adopting faster, more-efficient, and cheaper logistics alternatives, such as two-wheeler logistics solutions. Two-Wheeler Logistics Market Additionally, many service providers are focusing on speeding up their delivery processes, which is also boosting the demand for two-wheeler logistics solutions. Besides this, the expansion of the e-commerce industry and the rapid digitization in the logistics industry are also driving the popularity of the two-wheeler logistics solutions across the world. According to the United Nations Conference on Trade and Development (U...

As per the India Brand Equity Foundation (IBEF), the e-commerce sector in the country is witnessing significant growth, and it is expected to surpass that of the U.S. to become the second-largest in the world by 2034. The prospering e-commerce sector, on account of the surging penetration of smartphones and the internet and changing consumption patterns, will augment the deployment of electric loader rickshaws for cargo delivery. Owing to this reason, the Indian electric loader rickshaw market will advance at a considerable rate during 2020–2030. Business Review on India Electric Loader Rickshaw Market The presence of such vehicles on Indian roads has surged in the last two years owing to the rising environmental concerns and technological advancements in the automobile industry. To mitigate the rising air pollution levels, the central government and state governments are offering incentives and subsidies on electric three-wheelers, thereby fueling the production and adoption of electr...

Before plunging severely in 2020 due to the COVID-induced lockdowns and the ensuing financial distress, automotive sales had been increasing steadily across the globe. But, since the lifting of the lockdowns and resumption of manufacturing in the third quarter of 2020, as the first COVID wave waned, vehicle sales have started rising again. Though the 2021 sales might be nowhere near the 2019 numbers, automotive and associated components and parts manufacturers can expect good business. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/automotive-hvac-controllers-market/report-sample As per P&S Intelligence, the slow but steady surge in vehicle sales will keep propelling the automotive heating, ventilation, and air conditioning (HVAC) controllers market across the world. This is because HVAC systems have become integral to all four-wheelers, be it cars, trucks or buses (mostly luxury ones). With people’s burgeoning disposable income, especially ...

According to the World Health Organization (WHO), over 1.35 million deaths are caused due to road accidents globally. About 93% of these deaths occur in low-and middle-income countries, even though they only possess around 60% of the world’s automobiles. Since a large number of bikers are involved in these accidents, bike manufacturers are being coerced to integrate advanced rider-assistance systems to improve their safety. In an attempt to minimize road accident cases, motorcycle manufacturers and road safety authorities are focusing on connected motorcycles, as these offer enhanced safety features. Connected Motorcycle Market Moreover, the surging penetration of sports and luxury bikes in emerging economies, such as India and China, and other nations of Asia-Pacific (APAC) and Latin America, Middle East, and Africa (LAMEA) will result in the progress of the connected motorcycle market during 2020–2030. The increasing adoption of these two-wheelers is due to the rising per capita inc...

With the growing number of people on earth, automotive production and sales continue to surge. Due to this, among their various components, the demand for batteries is booming too. Every vehicle, whether it runs on electricity or diesel or petrol (gasoline), requires a battery. Thus, the automotive battery market will have a rather prosperous future, says market research firm P&S Intelligence. Presently, since electric vehicles (EVs) are all the rage, the integration rate of batteries in them will shoot up. Automotive Battery Market Report 2021 Compared to an internal combustion engine (ICE)-based vehicle, an EV requires a much-larger and -powerful battery because this component is its main power plant (in case of battery electric vehicles [BEVs]). Moreover, apart from powering the motor, the battery supplies electricity to all the auxiliary components and systems, including lights, heating, ventilation, and air conditioning (HVAC) systems, advanced driver assistance systems (ADAS)...

 In June 2018, Alexander Dennis Ltd. (ADL) and BYD Co. Ltd. (BYD) received an order for 37 BYD-ADL Enviro400EV electric buses from Transport for London (TFL). The transport departments of other cities and counties in England, Scotland, Wales, and Northern Ireland have been taking similar measures to boost the number of clean-energy vehicles in their public transport fleets. Such moves have been prompted by the widespread outcry because of the increasing levels of air pollution in the kingdom. As per P&S Intelligence, with the increase in the number of electric buses, the U.K. electric bus charging station market will grow from $13.3 million in 2018 to $95.5 million in 2025, at a massive 30.7% CAGR between 2019 and 2025 (forecast period). Just as a conventional bus cannot run without a gas station or petrol pump, an electric bus is useless without a charging station. Though a novel and well-known concept, electric vehicles (EV) have found restricted adoption in the U.K. till now...

A battery management system (BMS) is an intrinsic component of an automobile as it maintains the battery in operational condition, predicts battery life, and protects the storage units from damage. The system performs these tasks by controlling the charging process, protecting and balancing the cells, storing and monitoring historical operational data, and determining the state of health (SOH), remaining useful life (RUL), and state of charge (SOC) of the battery. This system aims to optimize the run-time per discharge cycle and the number of life cycles that can be attained by the battery during its lifetime. This system is integrated into electric vehicles (EVs) and hybrid electric vehicles (HEVs) to improve the battery life and protect it from any damage. With the increasing environmental concerns, the sales of these vehicles have witnessed a significant spike in recent years. According to the International Energy Agency (IEA), more than 10.2 million EVs were in operation across the...