Automotive filters market growth driven by rising consumer demand and highly stabilized fuel performance

Overview

Global Automotive Filters Market size was more than $5.1 billion for 2015 and is predicted to be evaluated at more than $9.51 billion by end of 2023 registering CAGR of 8.41% during forecast timeline. Automotive filter helps in extending engine life as it effectively traps debris and dirt that harms internal engine parts like pistons and cylinders. This device helps appropriate air flow to engine, thereby maintaining air-fuel mix. Suitable air flow helps engine to operate perfectly and this minimizes fuel consumption as well as emissions. All these factors has enhanced the demand for these filters and has encouraged automotive filters manufacturers to increase their production.

Ecological problems caused due to emissions of hazardous gases in traditional vehicles has created requirement to produce ecological friendly substitutes. Electric vehicles sector is predicted to witness high expansion prospects due to rising consumer demand for less functional costs & maintenance costs in comparison to fuel powered automobiles. This is predicted to pose a threat to global automotive filters market expansion during forecast timeline.

China Automotive Filters Market size, by product, 2012-2023 (USD Million)

Regular substitution is predicted to result in enhanced fuel mileage by about 14.1%. Further, substituting a blocked air filter can increase speed by 6.1% to 11.1% on fuel injected automobiles. In addition to this, this product displays potential ability for gas mileage improvement and helps in minimizing emissions. Capacity to block waste, dirt and pollution from entering into fuel lines along with highly stabilized fuel performance and economy are few of the factors predicted to propel automotive filters market trends.

Increasing innovation along with growing consumer demand for added features has boosted industry growth. Favorable rules and support from agencies like U.S. Environmental Protection Agency (EPA) and CCC (Civilian Conservation Corps) is predicted to affect industry expansion.

Read full market research report “Automotive Filters Market Size By Product (Air [Intake, Cabin], Fuel, Oil), By Application (Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers), By End-Use (OEM, Aftermarket), Industry Analysis Report (U.S., Germany, UK, China, India), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/automotive-filters-market

Product Insights

The industry is segmented into various products like fuel filters and automotive air filters.

Automotive air filters segment is predicted to maintain its domination and expected to register 7.81% CAGR during forecast timeline. Rising health ailments owing to polluted cabin air coupled with increasing consciousness about high quality air is anticipated to propel industry demand. Fuel filters segment is predicted to register CAGR of about 10.51% during forecast timeframe. Rising demand for two wheelers and passenger cars specifically in BRICS nations is predicted to promote the segment growth.

Growing health concerns among world population along with rising rates of pollution is predicted to influence demand and use of these products. Further, rising consciousness about fuel filtration & oil filtration significance for long life span of vehicles are few of the factors driving product demand. In addition to this, new technological breakthroughs and product innovations have made substantial contribution towards the growth of these product segments.

Application Insights

Global industry is segmented into different applications like two wheelers and passenger cars.

Two wheelers segment is predicted to register more than 8.51% CAGR during forecast timeline. Expansion of the segment can be credited to its rapidly increasing demand from developing regions like China and India. Significant aftermath of these automobiles in BRICS nations is predicted to boost segment growth.

Passenger cars segment is predicted to contribute more than half of the global automotive filters market share for 2015. Increasing customer disposable income is projected to promote the demand for these cars. In addition to this, growing health disorders owing to inappropriate cabin ventilation is expected to favorably affect segment demand during forecast timeframe.

End Use Insights

The industry is segmented into various end user applications like automotive filters aftermarket and Original equipment manufacturer (OEM). Automotive filters aftermarket segment contributed about $ 3.72 billion for 2015 and is predicted to expand by more than 70% by end of forecast period. Rising demand for replacement filters is expected to drive the segment growth and demand.

Original equipment manufacturer (OEM) segment is anticipated to witness substantial development in future. Concerns about deployment of aftermarket product is the key factor driving segment growth. Further, OEM products can provide benefits like annihilation of guarantee issues and potential quality issues while aftermarket deployment helps in increasing efficacy and promotes use of perfect media filtration.

Regional Insights

Global automotive filters market is segmented into key geographical regions like North America, Europe, MEA, APAC and Latin America. APAC contributed more than 45.1% of overall revenue and is predicted to register CAGR of more than 9.1% during forecast timeframe. Expansion of automobile sector in nations like Japan, China and India is predicted to promote industry demand.

European industry share is predicted to be more than $2.1 billion by end of 2023. Strict environmental rules are expected to boost regional industry growth. Further, high level of public awareness, rise in OEM product demand and rise in automotive filters market price trends are predicted to stimulate industry growth in the region. U.S. industry is featured by evolving electric automobile demand as these vehicles do not require product substitutes.

Competitive Insights

Key industry players profiled in the report include Cummins Incorporation, Ahlstrom Corporation, Denso Corporation, Freudenberg & Co. Kg, Hollingsworth & Vose Company Incorporation, Lydall Incorporation, Mann Hummel, Neenah Paper Incorporation, ALCO filters, Robert Bosch GmbH, Metsurama Filtration, Parker Hannifin Corporation, Sogefi S.p.A., Valeo SA, Purofil Auto (India) Private Limited, Viking Filters, Toyota Boshoku Corporation, Dongguan Lvmeng Industrial Company Limited, Clarcor Incorporation, Roki Company Limited, ACDelco Incorporation, Fram/UCI, Donaldson Company Incorporation, Hengst SE & Co. KG, K&N Engineering Incorporation and Mahle GmbH.

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Information Source: Global Market Insights, Inc

Waterproofing Membrane Market Growth is Driven by Increasing Construction Activities All Across the Globe

Industry Trends 

Global Waterproofing Membrane Market size is predicted to touch 3.24 billion square meters by end of 2022 and register a CAGR of 6.7% during forecast timeframe. Growing requirement for robust and high quality construction substances is predicted to propel industry expansion in future.

These membranes are extensively utilized in constructing vertical walls, waterproof foundations, structural slabs and slab proofing on parking decks. Construction sector has witnessed technological innovation for waterproofing substances that comprise of integral system and advanced materials.

Germany waterproofing membrane market size, by product, 2012-2022 (Million Square Meters)

Asia construction industry share is predicted to grow up to 46.1% by 2020 from 31.1% in 2005. This growth can be credited to expected 11% decline in European share by end of 2020. Construction sectors in growing economies are predicted to expand at rapid rate as compared to more developed economies. China is predicted to be global leader in construction sector with an expected output of $2.51 trillion by end of 2020.

But, fluctuating raw substances costs of polypropylene and bitumen are predicted to affect industry profit. Low consciousness levels among builders about the quality and accurate use of chemicals for durable construction structures is predicted to inhibit waterproofing membrane market expansion.

Read full market research report “Waterproofing Membrane Market Size By Application (Sheet Membrane, Liquid Applied Membrane), By End-Use (Building Structures, Roofing, Walls, Landfills & Tunnels), By Product (Polymers, Polymer Modified Cement, Bitumen), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022”, please click on the link below:

https://www.gminsights.com/industry-analysis/waterproofing-membrane-market-size

Product Trends 

The industry is segmented into various products like polymer and bitumen. Polymer segment produced highest revenue surpassing $2.51 billion mark for 2014. Polymers like polyvinyl chloride (PVC), thermoplastic polyolefin(TPO), ethylene propylene diene monomer(EPDM) and polyurethane are key substances for waterproofing membrane producers. 

Rising use of polyurethane membrane due to large scale accessibility of raw substances along with its enhanced features including ultra violet resistance, battery resistance and weather resistance is predicted to favorably affect the demand of the segment. Further, these substances are extensively used on ramps, podiums, decks and car parks. 

Bitumen contributed more than 35.1% of the overall industry size for 2014 and is predicted to experience substantial gains with predicted CAGR of more than 6.51% during forecast timeframe. It is produced in two grades which include atactic polypropylene(APP) butadiene and styrene-butadiene-styrene(SBS) bitumen. However, its use is banned in North America as it adversely affects atmosphere. But bitumen is extensively utilized in countries like India and China due to liberal ecological norms. 

Application Trends 

Global industry is segmented into various applications like sheet applications and liquid applied waterproofing membrane applications. Sheet applications contributed greater than 30.1% of overall demand for 2014 and are predicted to experience profit with projected CAGR of more than 6.1% by end of 2022. The segment is predicted to expand as it provides benefits like low maintenance, improved security features and less cost. They are applied to bathrooms, roofs, wet rooms, kitchen floors, walls and balconies. Rising customer choice towards growing shelf life of paint jobs on constructions is predicted to drive industry growth.

Liquid applied waterproofing membrane application segment surpassed $1.31 billion mark for 2014 and is predicted to experience maximum profit by end of 2022. Growing requirement for high performing cost effective water repellants along with growing disposable incomes and increasing spending on infrastructure in emerging economies is predicted to promote the demand. 

End Use Trends

Waterproofing membrane market is segmented into various end user applications like building & construction and roofing. Roofing segment was the biggest end use segment of the industry for 2014 and was evaluated at greater than $1.51 billion during the year.

Building & construction segment contributed more than 20% of overall industry demand for 2014 and is predicted to experience maximum benefits with projected CAGR of more than 7% during forecast timeframe. Waterproofing membranes are applied to enhance building shelf span and protect construction from changing temperatures. 

Regional Trends 

The industry is segmented into key geographical regions including North America, APAC, Europe, MEA and Latin America. U.S. contributed greater than 20% of overall industry demand for 2014 and is predicted to experience steady gains of more than 5.51% during forecast timeframe. North American industry is predicted to expand due to construction sector recovery in U.S. It is predicted to experience further expansion due to new product launches, new product developments and mergers & acquisitions.

Europe waterproofing membrane market share was maximum for 2014 with revenue output crossing $1.81 billion mark and predicted to expand at normal growth rate. Increasing concerns about waste water management in Europe is predicted to drive industry growth. East Europe region is anticipated to have favorable effect on construction expenditure, with Turkey, Poland and Russia being few of the rapidly emerging nations. 

Competitive Trends 

Key industry players profiled in the report include Kemper System America Incorporation, Sika AG, BASF SE, GAF Materials Corporation, Paul Bauder GmbH & Co. KG, DuPont, Bayer MaterialScience AG, Saint-Gobain Weber GmbH, Fosroc Limited, CICO Technologies Limited, Pidilite Industries Limited, Maris Polymers, Isomat S.A. and Dow Chemical Company. 

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Information Source: Global Market Insights, Inc

Technology Proliferation and Declining Prices to Drive IR Camera Market Growth

Infrared Camera (IR) Market growth is attributed to several key factors and is projected to surpass USD 6 billion at an increasing CAGR of 9% from 2016 to 2023. The report encapsulates complete analysis of the market with competitive landscape, market trends, future predictions, current scenario and estimation and market prospects. Key factors influencing the market like drivers, impediments, challenges, and opportunities, etc. are analyzed thoroughly in the report.

Europe (Infrared) IR camera market size, by application, 2012 - 2023 (USD Million)

Decreasing prices due to technological proliferation and mass production are projected to be a key driving factor for the market growth. Advancement in microbolometer technology led to high degree of commercialisation and is expected to influence market growth positively shortly. Growing adoption in commercial and industrial applications across various security and surveillance applications, smart gadgets and high-resolution cameras is likely to fuel the growth over the forecast period.

Read full market research report “(Infrared) IR Camera Market Size By Application (Commercial, Industrial, Medical, Military & Defense), By Material (Sapphire, Silicon, Germanium, Zinc Selenide), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 - 2023”, please click on the link below:
https://www.gminsights.com/industry-analysis/IR-infrared-camera-market-report

The advent and development in miniaturisation technology are projected to impact market growth positively during the predicted time frame. High investment in R&D, availability of reasonably priced products owing to mass production, and an array of multiple applications integrating this technology are the key factors contributing the market growth.

Decreasing defence spending in developed markets is predicted to pose a challenge to the market. Remote sensing and hyper spectral imaging offer the key avenues for industry players. An infrared camera is a viable tool in providing night-vision option in vehicles. Decreasing LWIR (Long Wave Infrared) camera costs are likely to expand the scope in automotive, security and surveillance applications.

APAC, led by South Korea, India and Japan IR camera market, is expected to register growth at 10.3% CAGR and exceed USD 1.75 billion up to 2023. The surge is attributed to high demand in the defense sector in the region. The U.S. market share is anticipated to exhibit growth due to technology advancement and presence of major players in the area. Regulations regarding Energy Performance Certificates (EPCs) in many countries in the EU can favorably impact the market.

Military and defense applications are anticipated to exhibit growth during the projected period. Commercial and medical is set to register gains soon, at 10.4% CAGR by 2023.

The key participants in global Infrared camera market include

•        FLIR Systems

•        Samsung

•        DRS

•        Axis Communications

•        Seek Thermal

•        Fluke

Focus on product performance and repute, cost, effective sales efforts and customer service are the key areas for market participants. Acquisitions and collaboration are also likely to play a vital role in the industry presence. 

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Information Source: Global Market Insights, Inc

Enhanced Transport Infrastructure to Promote Automated Fare Collection (AFC) System Market Growth

Industry Trends

Global Automated Fare Collection (AFC) System Market size was $45.2 billion for 2015 and is projected to register CAGR of about 10.4% during forecast timeframe touching $9.84 billion by 2023. Growing transport infrastructure and favourable government policies are predicted to promote the industry growth as it benefits both transport authorities and customers.

Increasing choice for integrated ticketing and electronic payments will promote automated fare collection (AFC) market size in future. A main part of ITS (Intelligent Transportation System) industry, this technology is predicted to grow owing to enhanced transport infrastructure growth worldwide. But accessibility of paper ticketing systems can inhibit the industry growth. But the growth of internal technological replacements like contactless smart cards & NFC based mobile ticketing can propel the industry growth. Further, growing acceptance of open bank cards payment methods for transit fare have added to the industry expansion.

UK automated fare collection system market size, by technology, 2012 - 2023 (USD Million)

Rapidly expanding smartphones industry segment is predicted to fuel the industry growth trends with shipments projected to surpass 2.4 billion units by end of the forecast timeframe. Favourable regulations are also predicted to push the industry growth. Enhanced transport service planning, fraud prevention and improved revenue management are few of the key advantages of AFC system implementation.

Read full market research report “Automated Fare Collection (AFC) System Market Size By Component (Software, Hardware), By Technology (Magnetic Strip, Smart Cards, Optical Character Recognition (OCR), Near Field Communication (NFC)), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, China, India, Japan, Brazil, Mexico, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2016 - 2023”, please click on the link below:
https://www.gminsights.com/industry-analysis/automated-fare-collection-AFC-system-market

Component Trends

Automated Fare Collection (AFC) industry size was more than $2.2 billion for 2015 and software segment is predicted to register 10.4% CAGR during the forecast timeframe. Software and middleware form an essential part in efficacy and effectiveness of the AFC system.

Technology Trends

Smart cards contributed about 30% of automated fare collection system (AFC) market share for 2015 and forecast to experience expansion due to its low manufacturing costs, portability and less complexity.

NFC technology is predicted to register 12.3% CAGR during the forecast timeframe. It is fast and user friendly. Also growing use of this technique in mobiles and transit readers helps rapid & easy ticketing along with effective access control. All of these factors have contributed to the growth of the technology.

Regional Trends

U.S. AFC system market is predicted to register CAGR of 9% during the forecast period. Growing intelligent transportation systems segment is predicted to fuel the industry growth with the global ITS industry size projected to surpass $45 billion by end of 2023.

Asia Pacific AFC (automation fare collection) system market size is predicted to cross $2.5 billion by end of forecast timeframe and is promoted by transit projects in India and China.

Competitive Trends

Key industry players profiled in the report include:

•  Cubic Transportation Systems
• Advanced Card Systems
• GMV
• Siemens
• Vix Technology
• Thales Group
• Omron Corporation
• NXP Semiconductors
• LG Corporation
• Atos
• Samsung
• Singapore Technologies Electronics Limited
• Fare Logistics
• Scheidt & Bachmann
• Sony Corporation
• Trapeze Group 

Key industry players implement business strategies like strategic alliances, joint ventures and partnerships to increase their gains and expand their business.

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Information Source: Global Market Insights, Inc

Rising Number of Commercial Automotives is Predicted to Drive Automotive Collision Repair Market Growth

Industry Overview

Automotive Collision Repair Market size was evaluated at $170.29 billion for 2014 and is projected to experience steady expansion during forecast timeframe. Growing number of automobiles along with aging vehicle fleet is the main factor predicted to favorably affect industry expansion. Rising amount of commercial automotives is predicted to fuel industry growth.

Increasing amount of vehicles in APAC nations of India and Japan is anticipated to drive automotive collision repair market trend. Initiatives taken by transport and government authorities for vehicle buyers to purchase insurance coverage for vehicle damage have contributed to the industry growth in APAC.

Europe automotive collision repair market size, by product (USD Billion), 2012 – 2022

Rising passenger as well as goods transportation has led to heavy demand for public transport vehicles and commercial vehicles. These automobiles have high insurance needs which are predicted to fuel the expansion of industry size. Increasing frequency of intracity and intercity passenger & goods transport facilities is anticipated to enhance public & commercial automobile transport in future. Further, these automobiles also require repairs on large scale and this drives the industry expansion.

However, growing security requirements and inclusion of modernized telematics has resulted on less number of road accidents. This can hamper the industry growth & demand. Further, existence of volatile organic compounds in paints & coatings which can adversely affect the environment is predicted to inhibit the industry growth. Direct repair program networks can hinder the industry growth during forecast timeframe.

Read full market research report “Automotive Collision Repair Market Size By Vehicle Type (Heavy-duty, Light-duty), By Product (Consumables, Paints & Coatings), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022”, please click on the link below:
https://www.gminsights.com/industry-analysis/automotive-collision-repair-market-report

Categories

Automotive collision repair market has been segmented into three categories that include product, vehicle type and region.

Product segment comprise of paints, clear coatings and consumables. Paints contributed about more than 20% of the industry size for 2014. Consumables are predicted to display steady expansion in future. It comprises of specialty chemicals like adhesives and abrasives which are utilized for restoring vehicle external parts during repair work.

Vehicle type includes light-duty vehicle and heavy-duty vehicle. Light-duty vehicle segment is predicted to expand rapidly during forecast timeframe. It includes vehicle types like SUVs, sedans, crossover and hatchbacks. Heavy- duty vehicle segment includes multi-axle and commercial vehicles like buses and trucks. The industry is segmented into key regions like North America, APAC, Latin America, Europe and MEA.

Europe automotive collision repair industry size was evaluated at more than $71 billion for 2014. The growth of the industry in the region is credited to the presence of large amount of automotive firms.

APAC automotive collision repair market share is predicted to witness substantial expansion during forecast timeframe. Growing amount of economical car producers along with its heavy use in countries like India and China is projected to favorably affect the industry by 2022. U.S. industry size is anticipated to surpass $42 billion by end of forecast period.

Leaders

Key industry players profiled in the report include ATP Automotive, Faurecia, 3M,BASF, Continental Corporation, Honeywell International Incorporation, DuPont, Tokai Rika Company, Magna International Incorporation, MITSUBA Corporation, Affinia Group, Bosch, DENSO Corporation, Tenneco Incorporation, Johnson Controls Incorporation, Federal-Mogul Holdings Corporation, Martinrea International Incorporation, ZF Friedrichshafen AG, Takata Corporation, Valeo, Yazaki Corporation and International Automotive Components Group.

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Information Source: Global Market Insights, Inc

Growing Respiratory illness & Rising Geriatric Population Drives Medical Oxygen Concentrators Market Growth

Overview

Global Medical Oxygen Concentrators Market was evaluated at $975.4 million for 2015 with CAGR of 10.6% during forecast period. Increasing occurrence of respiratory & pulmonary disorders and growing old age population suffering from respiratory disorders is predicted to fuel the industry growth.

Europe Medical Oxygen Concentrators Market Size, by Product, 2012 - 2023 (USD Million)

These oxygen concentrators supply oxygen to patients in high concentrations. They are used in treating respiratory diseases like sarcoidosis, fibrosis, bronchitis, asthma, pulmonary hypertension and chronic obstructive pulmonary disease.

Read full market research report “Medical Oxygen Concentrators Market Size By Product (Portable, Fixed), By Application (Home Care, Non-Home Care), By Technology (Pulse Dose, Continuous Flow) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:
https://www.gminsights.com/industry-analysis/medical-oxygen-concentrators-market-report

               

Product & Technology Trends

Medical Oxygen Concentrators are segmented into two types – non-portable and portable. Owing to many advantages, portable equipments contributed greater than 50% of total revenue for 2014. Portable oxygen concentrators segment is predicted to register CAGR of 12.5% and touch $1.3 billion by end of forecast timeframe. The growth of the segment is credited to increasing choice for lightweight portable concentrators which can be used at airports, offices and flights.

On basis of technology, the industry is segmented into two types- continuous flow technology and pulse dose technology. Continuous flow technology dominated the technology segment by contributing about 53.1% of total revenue for 2015. Technological breakthroughs have resulted in new product innovation of this segment. Further, growing occurrence of continual breathing problems and current utilization of respiratory device for oxygen treatments is further set to influence the industry growth.

Pulse dose technology offers patients with ease of use, enhanced efficacy and high mobility. The technology is widely utilized for portable oxygen concentrators and is reliable & safe as pulse dose instrument is fitted with sensor having ability to identify the next inhalation. It is predicted to register CAGR of 11.6% during the forecast period.

Applications Trends

Medical oxygen concentrators are more in demand from non-homecare and home care segments. Home care segment contributed more than 50% of total revenue share for 2014 and is predicted to contribute more than $1.5 billion by end of forecast period. Since COPD (Chronic obstructive pulmonary disease) is generally diagnosed in old & middle aged persons, physicians often recommend oxygen treatments along with home care medical oxygen concentrators. Further, device features like price efficacy, low maintenance cost and constant supply of oxygen to patients is predicted to propel the use of home care oxygen concentrators during the forecast period.

Non-home care medical oxygen concentrators segment is predicted to touch $724 million by end of forecast period. Key factors contributing to expansion of this segment are growing occurrence of COPD along with respiratory ailments like asthma, growing old age population and occupational lung ailments.

Regional Trends

North America is predicted to dominate the global medical oxygen concentrators market with total revenue size surpassing $901 million by end of forecast period. The growth of the industry in the region is credited to the factors like developed home healthcare infrastructure, favorable U.S. compensation policies and high occurrence of respiratory ailments. Further, favorable government policies like presence of FAA (federal aviation administrative) that regulate portable medical oxygen concentrator use during air journey and growing occurrence of COPD owing to unhealthy lifestyle can fuel the industry growth in the region.

UK and Germany contributed more than 61% of the total revenue share of Europe medical oxygen concentrators market in 2015. Growing concerns for supply of pure oxygen and continuously improving compensation policies are predicted to fuel the utilization of l oxygen concentrators in Germany. All these factors will contribute to the industry growth in the region.

APAC medical oxygen concentrator market is predicted to register CAGR of 12.6% during forecast timeframe. Large patient pool, growing disposable incomes of patients and enhanced healthcare infrastructure are predicted to contribute to the industry expansion in the region.

Competitive Trends

Key industry players profiled in the report include Nidek Medical Products Incorporation, AirSep Corporation, DeVilbiss Healthcare, Philips Healthcare, Teijin Limited, Covidien Limited, O2 Concepts, Inogen Incorporation, Innova Labs Incorporation and Invacare Corporation.

Mergers & acquisition is a key business strategy implemented by industry players to reduce competition and maintain their industry domination.

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Information Source: Global Market Insights, Inc

Rising Safety Concerns Drives Automotive Electronics Market Growth

Industry Trends

Automotive Electronics Market size is predicted to reach $353 billion by 2023 and register a CAGR of 8.4% during forecast timeframe. Its growing use in end user applications is predicted to propel demand. Safety features like alcohol ignition interlocks, accident data recorder systems and emergency call systems are predicted to fuel the industry growth during forecast timeframe. Further, growing concerns among authorities on passenger safety are predicted to provide potential avenues for industry expansion. Integration of safety instruments like heads-up display, airbags and back up sensing system are predicted to fuel the automotive electronics market trends during forecast period.

Asia Pacific Automotive Electronics Market size by application, 2012-2023 (USD Billion)

However, complexities like harsh operating conditions, tolerance stack-up and hardware & software can hinder the industry growth during forecast timeframe. Further, lack of awareness related to coordination issues and interplay of subsystems of OEMs can also hinder the industry demand.

Read full market research report “Automotive Electronics Market Size By Application (ADAS, Infotainment, Powertrain, Body Electronics, Safety Systems), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:
https://www.gminsights.com/industry-analysis/automotive-electronics-market

Application Trends

Automotive safety systems industry contributed more than $52.39 billion for 2015 and is predicted to gain about $100 billion by end of 2023 registering CAGR of about 8.4% during forecast period. The growth of the industry can be attributed to rising government concerns about safety and security regulations all across globe.

ADAS market size was evaluated more than $21 billion for 2015 and is predicted to register CAGR at 11% during forecast timeframe. The growth is due to mandatory installation of safety systems in vehicles as per government rules.

Regional Trends

APAC automotive electronics market size contributed more than 39% of overall revenue for 2015. It is predicted to register CAGR of 9% and touch $145 billion mark by end of forecast period. Factors like growing demand for customized vehicle, low priced vehicles and superior quality product have contributed to the growth of the industry in the region.

North America automotive electronics market size was evaluated at $40 billion for 2015 and is predicted to touch $80 billion by end of forecast period. Growing demand for comfort among customers and increasing security concerns are the factors contributing to the demand & growth of the industry in the region.

Competitive Trends

Key industry players profiled in the report include:

• Delphi Automotive PLC
• Denso Corporation
• Avago Technologies
• Continental AG
• ZF Friedrichshafen AG
• Altera Corporation
• Panasonic
• Bosch Group
• Hitachi Automotive Systems Limited
•  Dow Corning
• Atmel Corporation
• Audiovox Corporation

Delphi, an auto parts manufacturer & supplier, had agreed to acquire HellermannTyton Group, an electronic cable device manufacturer, for $1.7 billion in 2015. The transaction was projected to boost its business in Asia, where HellermannTyton had about 15% to 20% growth rate.

ZF Friedrichshafen AG completely acquired TRW in 2015 where the latter was predicted to be included into ZF as a new division termed as Active & Passive Safety Technology. On 15^th September, 2014, TRW and ZF had signed a merger deal for acquisition of TRW by ZF. The deal offered substantial benefits for stockowners, customers, employees and communities with greater focus on creating next generation of motion and safety solutions. Together both companies will benefit from key industry trends by building on their strengths, concentrating on present & future business requirements and creating value for customers.

Many key industry players are entering into joint ventures and forming strategic alliances to reduce competition in the industry.

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Information Source: Global Market Insights, Inc