Automotive Business Point

According to the latest report by IMARC Group, titled “ Europe Automotive Connectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the Europe automotive connectors market is expected to exhibit a CAGR of 6.6% during 2022-2027. Market Trends: The increasing environmental consciousness among consumers, along with the rising need for eco-friendly automobiles, has prompted the governments of numerous countries across Europe to introduce favorable policies for promoting the usage of electric vehicles (EVs) to reduce greenhouse gas (GHG) emissions. This, in turn, is primarily driving the  automotive connectors market growth across the Europe . In line with this, significant technological advancements, such as the integration of electronic control units (ECUs) for improving the drivability and overall vehicle performance, are propelling the market growth. Apart from this, the extensive utilization of plastic optical fiber (POF) due to the increasing deman

According to IMARC Group’s latest report, “ Passenger Cars Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global passenger cars market size expected to grow at a CAGR of 8.50% during 2022-2027.  Passenger cars refer to motor vehicles designed for the transportation of people with a maximum seating capability of nine, including the driver. They comprise mini vans, sports utility vehicles, motorcycles, electric-powered cars and vehicles, engine scooters, bicycles, vans, light and pickup trucks, etc. Passenger cars rely on lubricating oils to protect against corrosion, wear and tear, low and high-temperature deposits, and oxidation. They assist in covering distances between work, educational institutions, home, shopping and leisure facilities, etc. In addition, passenger cars also offer enhanced mechanics, engines, aerodynamics, performance, autonomous control, and entertainment.  Passenger Cars Market Trends: The escalating need for advanced driv

According to the latest report by IMARC Group, titled “ Aviation Test Equipment Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” the global aviation test equipment market size reached US$ 7.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027 , exhibiting a growth rate (CAGR) of 4.5% during 2022-2027. Aviation Industry: Aviation Test Equipment Market Aviation Test Equipment Market Overview: Aviation test equipment is primarily used for the evaluation, calibration, inspection, and testing of various aircraft devices. Several instruments are used for the maintenance of electrical power and hydraulic systems in an aircraft that aim to resolve and inspect electrical and mechanical issues, repair the brakes, and conduct performance checks on various components of the aircraft. Some of the common aviation test equipment include pressure and vacuum instrument chambers, single-axis rate tables,