Research Report

  Automotive Battery Management System Market is estimated to reach US$ 15.3 Bn by the end of 2029 In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the  automotive battery management system market  is estimated to reach US$ 15.31 Bn by the end of 2029.  “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Key Takeaways of Automotive Battery Management Sys...

  Hybrid Vehicles Market is expected to represent a total incremental opportunity of US$ 297 Bn between 2016 and 2026 FMI delivers key insights on the global hybrid vehicles market in its latest report titled, ‘ Hybrid Vehicles Market: Global Industry Analysis and Opportunity Assessment 2016-2026 .’ The long-term outlook of the global hybrid vehicles market remains positive, with market value expected to increase at a CAGR of 20.4% during the forecast period (2016-2026). Among the product types, the hybrid electric vehicles segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global hybrid vehicles market for passenger cars is estimated to be valued at US$ 54.7 Bn by the end of 2016. Japan is estimated to account for a value share of 48.1% in the global hybrid vehicles market by 2016 end, and it is anticipated to retain its dominance throughout the forecast period. In this report, FMI throws light on the drivers and restraints lik...

  Automated people movers enable efficient interconnection between airport gates and city centers at several airports. Low capital investments and relatively lesser operational costs would remain the primary factors driving adoption of automated people movers. Future Market Insights (FMI) recently published a research report on   automated people mover market   that projects a healthy 5.1% CAGR for revenue growth of the market during 2022-2029. By the end of forecast period, automated people mover sales are expected to account for revenues worth ~US$ 4 Bn. Key Takeaways – Global Automated People Mover Market Report Automated people movers would continue to witness significantly high adoption by airport operators. Sales of automated people mover are expected to witness momentous rise for application in urban transit systems. North America would retain a major share of revenues in global automated people mover market. Increasing number of airports in Asia Pacific holds the ...

  Automotive Active Purge Pump Market is slated to witness impressive growth at  11.2%  CAGR between 2021 and 2031 According to Future Market Insights (FMI), the global  automotive active purge pump market  is projected to expand at a CAGR of  11.2%  between 2021 and 2031. As the focus on reducing vehicular emissions gains traction, sales of active purge pumps for automobiles will grow. The overall market valuation will total  US$ 192 Mn  in 2031, up from US$  66.3 Mn  recorded in 2021. Growth will continue as automakers exhibit higher inclination for integrating effective emission control systems in vehicles they manufacture. Supporting this will be consistently expanding market fuel-efficient vehicles. Rising cognizance of emission control and scramble for fuel efficiency among motorists is likely to propel growth of the automotive active purge pump market. Poor air quality caused by fossil fuel continues to be a major s...

  Automotive Lighting Market is expected to reach a valuation of US$34.7 Billion in 2021, And expected to grow at a CAGR of 6.3% for 2021- 2031 According to ESOMAR-certified Future Market Insights (FMI),  automotive lighting  sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around 6.3% CAGR through the forecast period from 2021 to 2031. The automotive lighting market is expected to reach a valuation of  US$34.7 Billion  in 2021. According to Future Market Insights (FMI), the overall automotive lighting market is expected to grow at a CAGR of  6.3%  for 2021- 2031. The global sales of automotive lighting are anticipated to surpass  1.813 million units  in 2021. FMI presents a positive growth outlook for the market. In terms of volume, the automotive lighting market is predic...

  Ship Repair and Maintenance Services Market is set to be valued at  US$ 44.3 Bn , expanding at  6.5% CAGR  through 2031 Ship repair and maintenance services market  is set to be valued at  US$ 44.3 Bn , expanding at  6.5% CAGR  through 2031, according to latest research conducted by Future Market Insights (FMI). As per Future Market Insight (FMI), the ship repair and maintenance services market is expected register year-on-year (YoY) growth of  5.9% , reaching  US$ 23.6 Bn  in 2021. Continuous rise in shipbuilding activities and increasing spending in research activities for the expansion of wireless seaborne trade is expected to create growth opportunities during the forecast period. Demand for ship repair and maintenance services is surging owing to the growing usage of ships for diverse purposes. Governments in many countries are taking initiatives to strengthen the maritime industry. Based on these factors, the marke...

ESOMAR certified consulting firm Future Market Insights’ recent report on the  automotive exhaust systems market  forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating into a stable outlook through 2031. According to the report, growth prospects were weighed down significantly, attributed largely to a mature and stagnation in growth curves across the global automotive industry. Projections reflected a value of just under US$ 25 billion in 2017. In addition, automotive sales witnessed a marked decline of over 5%, down to nearly 92 million units by 2019. In spite of such downswings, growth has been sustained by increasing drives towards attaining zero carbon emission goals. Initiatives such as the UK government’s Road to Zero project have pl...

The global  automotive lead acid battery  sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031. Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of lead batteries for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade. Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles wil...

  Golf Cart Market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031 Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global  golf cart market  is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards. With the rising focus on renewable energy, the demand for solar-powered and electric vehicles is increasing. The trend also is visible in the golf cart market. According to FMI, electric golf carts are expected to account for over 87% of sales in 2021. Driven by changing preferences of consumers, some of the leading manufacturers are focusing on developing technologically advanced intelligent braking syste...

  Aircraft Exterior Lighting Market is expected to exhibit a CAGR of 3.8% over the course of the forecast period and reach a valuation of around US$ 624 Mn by the end of 2027 Future Market Insights (FMI) has recently published a report titled  “Aircraft Exterior Lighting Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2022–2027.”  The report states that a progress in the aircraft industry and the growing aviation industry are the core factors impacting the growth of the global  aircraft exterior lighting market . According to the analysis, the market is expected to exhibit a CAGR of 3.8% over the course of the forecast period and reach a valuation of around US$ 624 Mn by the end of 2027. Manufacturers are concentrating on the introduction of new application-specific products in order to better address the requirements of specific aircraft. Furthermore, market players are found to be channelizing efforts towards consolidating their delivery chann...

Automotive Wiring Harness Market sales are set to exceed US$ 48 Bn in 2021 Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global  automotive wiring harness market . As per FMI’s analysis, the global automotive wiring harness sales are set to exceed US$ 48 Bn in 2021, whereas in the long-term, revenues will grow at 9.4%. FMI’s latest edition of the report reveals latest perspectives, along with a detailed analysis of how COVID-19 induced slowdown will impact future sales. The COVID-19 pandemic crisis has severely affected the global economic growth, resulting in complete shutdown manufacturing activities and disruptions in the supply chain networks. However, automotive wiring harness market is expected to recover sharply as the economic activity resumes post the containment of pandemic. Key Takeaways Automotive wiring harness deman...