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Automotive Robotics Market worth 8.44 Billion USD by 2021

The global automotive robotics market, in terms of value, is projected to grow at a CAGR of 10.69% and is estimated to grow from USD 5.13 billion in 2016 to reach USD 8.53 billion by 2021. The increasing reliance on articulated robots to ensure efficiency in the production process, is expected to be the prime factor enhancing the growth of the automotive robotics industry. The intelligent manufacturing industry of the future, has a special focus on process automation and industrial robotics. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Market Dynamics Drivers
  • Rising Vehicle Production
  • Enhancing cost competitiveness
  • Wage Inflation
Restraints
  • High penetration in automotive industry
  • Perception: automation pushes unemployment
Opportunities
  • Productivity Optimization
  • Industrie 4.0 and Made in China 2025 Industrial Plans
  • Low robot density in Chinese automotive industry
Challenges
  • Significan
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Smart Parking Market worth 5.25 Billion USD by 2021

The report Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical - Global Forecast to 2021", The passenger car smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 Billion by 2021 from USD 2.13 Billion in 2015. 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=123959229 Early buyers will receive 10% customization on reports. The market is primarily driven by factors such as rising concern over growing traffic congestion in cities, limited parking space availability, and stringent emission regulations. Favorable government policies are also encouraging the market growth of passenger cars equipped with smart parking system. “Smart parking would be the fastest growing segment in the passenger cars park assist market

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Smart Display Market - Global Forecast 2022

[206 Pages Report] The Smart Display Market for automotive is estimated to be USD 5.37 billion in 2017 and is projected to grow at a CAGR of 12.77% during the forecast period. The smart display market for automotive applications is primarily driven by the shifting inclination towards demand for connected vehicles which is the key enabler of autonomous vehicles. Additionally, the increase in adoption of display applications by OEMs in automotive hubs such as U.S. and China and the growing demand for large sized displays such as seen in the Tesla Model S will drive the demand for the smart display market for automotive applications. The base year for the report is 2016 and the forecast year is 2022.

Market Dynamics Drivers
  • Increasing demand for connected vehicles
  • Increasing demand for comfort and convenience features
  • Stagnant demand for consumer electronics
Restraints
  • High cost of advanced automotive display systems
  • Cyber security threat due to vehicle telematics
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In-Vehicle Infotainment Market - Forecast to 2022

The in-vehicle infotainment market is projected to grow at a CAGR of 11.79% from 2017 to 2022 and is expected to reach USD 30.47 billion by 2022. The market growth can be attributed to the increase in vehicle production and sale of premium and luxury cars. Additionally, increasing penetration of infotainment systems in low and mid segment cars along with telematics mandates in specific regions will drive the demand for in-vehicle infotainment systems.

The global in-vehicle infotainment market is segmented, by component, into infotainment unit, control panel, head-up display, and telematics control unit. The infotainment unit is estimated to be the largest market during the forecast period with passenger cars as the predominant vehicle type. This can be attributed to the high installation rate of infotainment systems in passenger cars and increasing production of passenger cars in several countries.

In terms of form factor, the in-vehicle infotainment market is segmented into embedded

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Forklift Market - Global Forecast to 2021

by Sangharatna3 days ago

The global forklift market is projected to grow at a CAGR of 1.93%, from USD 16.00 billion in 2016 to USD 17.61 billion by 2021. The base year for the report is 2015 and the forecast year is 2021.The global forklift market is driven by the less than 5 ton capacity forklifts which accounts for major market share in terms of volume. The less than 5 ton capacity majorly includes battery-electric forklifts as well as Internal Combustion Engine (ICE) forklifts but the battery-electric forklifts penetration in this segment is highest.

Market Dynamics Drivers
  • Increasing Trend in E-Commerce and Warehouse Segment
  • Technological Advancements Aimed at Increasing Productivity
Restraints
  • Increase in Third Party Logistics (3PL) Services
  • High Cost of Battery Operated and Fuel Cell Forklift
Opportunities
  • Increasing Demand for Battery-Operated Forklifts
  • Emerging Market Fueling the Growth
Challenges
  • Stringent Safety and Emission Regulations
  • Volatility in Global Market
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Forklift Market - Global Forecast to 2021

by Sangharatna3 days ago

The global forklift market is projected to grow at a CAGR of 1.93%, from USD 16.00 billion in 2016 to USD 17.61 billion by 2021. The base year for the report is 2015 and the forecast year is 2021.The global forklift market is driven by the less than 5 ton capacity forklifts which accounts for major market share in terms of volume. The less than 5 ton capacity majorly includes battery-electric forklifts as well as Internal Combustion Engine (ICE) forklifts but the battery-electric forklifts penetration in this segment is highest.

Market Dynamics Drivers
  • Increasing Trend in E-Commerce and Warehouse Segment
  • Technological Advancements Aimed at Increasing Productivity
Restraints
  • Increase in Third Party Logistics (3PL) Services
  • High Cost of Battery Operated and Fuel Cell Forklift
Opportunities
  • Increasing Demand for Battery-Operated Forklifts
  • Emerging Market Fueling the Growth
Challenges
  • Stringent Safety and Emission Regulations
  • Volatility in Global Market
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Smart Parking Market Global Forecast to 2021

The smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015. The market for park assist system is driven by factors such as increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features. Additionally, government policies supporting smart parking systems is also a major demand driver for passenger car smart parking market. The U.S. National Highway Traffic Safety Administration (NHTSA) ruled that all new passenger cars shall be equipped with rear view cameras from 2018 onwards and also the Indian Ministry of Road Transport and Highway (MoRTH) is expected to make rear view sensors mandatory for all passenger vehicles in India. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.

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Smart Parking Market Global Forecast to 2021

The smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015. The market for park assist system is driven by factors such as increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features. Additionally, government policies supporting smart parking systems is also a major demand driver for passenger car smart parking market. The U.S. National Highway Traffic Safety Administration (NHTSA) ruled that all new passenger cars shall be equipped with rear view cameras from 2018 onwards and also the Indian Ministry of Road Transport and Highway (MoRTH) is expected to make rear view sensors mandatory for all passenger vehicles in India. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.

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Usage-based Insurance Market - Global Forecast to 2025

The global usage-based insurance market for automotive was valued to be USD 21.86 billion in 2017 and is projected to reach USD 95.81 billion by 2025, at a CAGR of 18.95%, during the forecast period. The automotive usage-based insurance industry has evolved along with the automotive industry. The demand for usage-based insurance market is largely influenced by increasing vehicle sales with telematics and connected car services, reduction in insurance as compared to the traditional insurance, and increasing vehicle sales and parc.

Increasing vehicle with telematics and connected car services to drive the global usage-based insurance for automotive demand close to USD 96 billion by 2025

The usage-based insurance for automotive is a method to calculate the insurance premium. The amount of insurance premium is decided on the basis of a driving score which is calculated by considering factors such as vehicle usage, location, speeding, braking, cornering, night driving, and distracted driv

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Usage-based Insurance Market - Global Forecast to 2025

The global usage-based insurance market for automotive was valued to be USD 21.86 billion in 2017 and is projected to reach USD 95.81 billion by 2025, at a CAGR of 18.95%, during the forecast period. The automotive usage-based insurance industry has evolved along with the automotive industry. The demand for usage-based insurance market is largely influenced by increasing vehicle sales with telematics and connected car services, reduction in insurance as compared to the traditional insurance, and increasing vehicle sales and parc.

Increasing vehicle with telematics and connected car services to drive the global usage-based insurance for automotive demand close to USD 96 billion by 2025

The usage-based insurance for automotive is a method to calculate the insurance premium. The amount of insurance premium is decided on the basis of a driving score which is calculated by considering factors such as vehicle usage, location, speeding, braking, cornering, night driving, and distracted driv

continue reading →
1 visits | 0 Comments|Reply
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