Research Report

 FMI delivers key insights on the global  E-bike market  in its latest report titled “ Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027 .” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027). Among the battery types, the lead-based battery segment in the electric bike market is expected to expand at a CAGR of more than 3% in terms of value over the forecast period. The global market for battery electric bike is estimated to represent a total increment opportunity of 6.1 Bn from 2017 to 2027. Asia Pacific excluding Japan (APEJ) is estimated to account for a value share of 81% in the global electric bike market by the end of 2017, and is also expected to dominate the market during the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the electric bike ...

  Automotive Control Cable Market growing at a CAGR of 4.6% over the forecast period 2022-2029 A new market research study by Future Market Insights on the automotive control cable market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the automotive control cable market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the ~US$ 2.1 Bn market for automotive control cable will witness a moderate 4% annual rise in the revenues, by 2022 end. New vehicle model launches, and the spectacular rise in vehicle parc, have been the leading market growth influencers. While gains are majorly driven by the increasing demand for automotive vehicles, government mandates regarding anti-lock braking systems for passenger and commercial vehicles, are identified to remain the key growth determinants for market. This scenario will particularly prevail in developing countries, su...

  The global  connecting rods market  is projected to expand at a  4.7%  CAGR during the forecast period, reaching  US$ 11.7 Bn  by 2032. Increasing vehicle production over the years due to the growing demand for electric vehicles will augment demand for connecting rods in the forthcoming years. Connecting rods are an essential component in the vehicle engine as they transmit the power of the piston to the crankshaft and enable fluid movement between them. Light, as well as heavy commercial vehicles with an internal combustion engine use different types of connecting rods. Manufacturers of connecting rods are investing in research and development for new product technologies which is expected to drive growth in the market. As per FMI, the global connecting rod market is expected to be dominated by East Asia, with total sales reaching US$ 4.6 Bn by 2032. “Increasing sales of autonomous vehicles, along with growing preference for fuel efficient vehi...

Automotive Sunroof Market By Sunroof Type (In-built, Panoramic, Folding, Pop-Up), Operation Type (Electric, Manual), Material Type (Glass, Fabric), Vehicle Type (Passenger Cars, Light Commercial Vehicles), Sales Channel (OEM, Aftermarket) & Region - Forecast to 2022 – 2032 During the projection period of 2022-2032, the global  automotive sunroof market  is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Bn by 2032 Increasing passenger car sales in conjunction with increased per capita income and consumer spending toward vehicle interiors and effective ventilation will drive the market. Also, the launch of new vehicle models with sunroofs as standard equipment will spur tremendous growth. Pop-up, in-built, tile and slide, and top mount installed on the top of the vehicle roof are all examples of automotive solar sunroofs. Solar sunroofs are made of glass with photovoltaic solar cells embedded into them. Furthermore, as demand for electri...

  Tire Pressure Monitoring System Market is Estimated to Witness Two-Fold Growth by 2032 Amid Surging Adoption in Passenger Vehicles Over the forecast period of 2022-2032, the  tire pressure monitoring system market  is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Bn by 2032. Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle's tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly. Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry's expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and...

Over the forecast period of 2022-2032, the   automotive actuator market   is expected to grow at a CAGR of 6.6% to reach a valuation of US$ 25.4 Bn by 2032. Automotive actuators are a crucial component of electronic control systems in vehicles as they aid in the conversion of electrical impulses from control units to action. Various types of automotive actuators are utilized in vehicle models, and different actuators perform different roles depending on the vehicle function. The job of the actuator in the engine control system is to operate air flaps for torque and power optimization while maintaining idle speed. Actuators in vehicles have become more popular as consumers are becoming more mindful of excessive carbon emissions and high gasoline and diesel usage. These actuators help in the regulation of fuel consumption as well as the reduction of pollutant emissions by supplying the required quantity of fuel to the engine and controlling the fresh air supply. The automotive a...

  Lane Departure Warning Market to Grow by 2X Amid Surging Adoption of Safety Systems in Passenger Vehicles Over the forecast period of 2022-2032, the  lane departure warning (LDW) market  is expected to grow at a CAGR of  9.7% , reaching  US$ 12.9 Bn  by 2032. All vehicles have sensors, and despite being well-equipped with mirrors, they have poor visibility, resulting in road accidents. As a result, all heavy-duty manufacturers are required to install LDW,. This is expected to augment sales in the market. Automobile manufacturers are subjected to stringent passenger safety regulations imposed by various government bodies around the world. Expansion of the automotive sector, rising initiatives to promote the adoption of advanced technologies, and the development of structured safety features will continue pushing sales of LDW over the forecast period. Further, rising demand for premium and luxurious features in vehicles in emerging economies will create opp...

The global   night vision system market   is expected to surpass a valuation of   US$ 1.2 Bn   by 2032, with sales growing at a   13.9% CAGR   over the forecast period. Increasing sales of luxury cars, along with rising awareness regarding road safety is boosting the requirement for improved night visibility range and quality. This is expected to fuel sales in the market over the forecast period.   NIR (near infrared range) technology has progressed significantly during the last few years. In low-light or no-light situations, NIR technology produces photons, which aid in the detection of objects from a long distance. For night vision systems, it is critical for eye-tracking and gesture control. Within a detecting range of fewer than 600 feet, the technology uses less power and can provide a crisp image in the dark. As a result, sales in the the global automotive night vision market are predicted to grow. More sensors are being integrated into auto...

The global  front collision warning market  is projected to expand at a firm 14.5% CAGR during the forecast period between 2022 and 2032. Front collision warning (FCW) system is an ADAS feature in-built in vehicles to warn drivers if they are approaching any collision in the form of an obstruction or car in its path. The demand for advanced driver assistance system (ADAS) is estimated to grow in tandem with surging passenger vehicles with advanced safety features globally. Forward collision warning systems use radar, LIDAR, camera and ultrasonic sensors to scan the road while driving and detect any obstruction coming the way. Forward collision warning system is also known as a collision avoidance or collision mitigation system. The front collision warning systems demand is driven by factors like increasing sales of luxury vehicles and increase in demand of autonomous vehicles in regions like North America, Europe and others. As per FMI, the global front collision warning marke...

Global  automotive repair & maintenance services market  is forecast to reach a US$ 544.5 Bn in 2021, witha stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are recovering since the automotive industry is in recovery mode. Considering the possibility of the market regaining momentum in many countries, the long-term outlook on the market remains positive. The demand for automotive repair & maintenance services increases with the increasing vehicle age and poor quality of roads. The repair & maintenance market is driven by increase in demand for various services and parts such as tire replacement services, collision body repairs, and others. The number of registrations for passenger cars is increasing with the growing number of manufacturers in the world. E...

  Park Assist System Market to Top US$ 2.2 Bn by 2032 Amid Rising Adoption in Passenger Vehicles The global  park assist system market  is projected to reach a valuation of US$ 595.6 Mn in 2022. Demand is forecast to increase at a  14.3%  CAGR during the forecast period, reaching US$ 2.2 Bn by 2032. Park assist system, which is also known as advanced parking guidance system, helps the driver park with higher precision using advanced guidance technology that uses radar and ultrasonic based solutions. The park assist system is customer centric that elevates every phase of the parking experience with advanced parking features that guide drivers to park with confidence. These systems provide great performance, better efficiency, along with increased safety & security for vehicles which is propelling the demand for park assist systems. Along with the above mentioned factors, park assist system also minimizes the chance for potential scratches and dings when parki...

Sales of automotive composites are directly correlated to automotive production and vehicle parc. Despite fluctuating economic conditions in the recent past, on an average, the global automotive market has observed reasonable growth. Efforts to reduce the weight of vehicular components will increase, thereby providing substantial opportunities for the growth of  automotive composites market . The global automotive composites market is estimated at US$ 7.4 Bn in 2019, and is projected to grow at a moderate rate during the forecast period. Key Takeaways from Global Automotive Composites Market Glass fiber has been observed to be the most preferred composite material in the automotive industry, owing to low cost and high structural strength. Demand for high-performance automotive vehicles is increasing across the globe, along with the growing demand for emission control. As a result, manufacturers are focusing on using advanced composite materials due to the high temperature generatin...