Research Report

 Global sales of automotive bearings are set to be valued at over US$ 964.8 Mn in 2022, with a stable long-term projection, according to Future Market Insights (FMI). A new report estimates the market to expand at over 5.3% CAGR from 2022 to 2032. According to Future Market Insights, the ongoing growth in the automotive sector in ASEAN region is expected to create opportunity for the automotive bearing manufacturers in the region. As per the Automotive federation of ASEAN overall sales of motor vehicle were 3.4 Mn in year 2019, The number will increase in the coming years due to population growth and economic development which has created huge opportunity for automotive bearings demand. The demand for automotive bearings in the ASEAN market was negatively impacted in FY 2020 due to global COVID -19 outbreak, which also led to shut down of production industries. Distribution of various products and industrial goods were hampered, including production and sales of automoti

 The U.S. automotive and aircraft leather aftermarket is projected to reach a valuation of US$ 7.8 Bn in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at 3.6% CAGR, with the market valuation reaching US$ 11.1 Bn in 2031. Automotive and aircraft interior genuine leather is designed to provide comfort and to improve the visual appeal of the interiors. It also leaves the vehicle with a remarkable appearance and feel. It is used widely in midrange and premium passenger vehicles and in business class aircraft. The interior of a vehicle and aircraft that adds to the aesthetic appeal, is also a major factor that influences consumer buying decision. Longer operational life and extended warranties are some factors aiding the growth of the market. Leather manufacturers are providing customization to meet the changing consumer requirements. This provides the end-user with a large selection of

 The global adaptive cruise control market is projected to expand at 12.7% CAGR during the forecast period between 2022 and 2032, as per Future Market Insights (FMI). Adaptive cruise control (ACC) is a system designed to control the acceleration and braking of a vehicle with the use of sensors. Growing traffic and increasing number of on- road vehicles is accelerating the demand for adaptive cruise control systems in the forecast period. Adaptive cruise control uses sensors such as radar and laser systems are integrated to ensure passenger and vehicle safety. Furthermore, expansion of automotive industry across the globe is driving the sales in the market. Advanced driver assistance system is essential in vehicles to help drivers. Manufacturers of adaptive cruise control systems are focusing on developing high performing sensors with wider detection range. As per FMI, Europe adaptive cruise control market is expected to dominate the global market during the forecast peri

 The global  adaptive front lighting market  is projected to expand at a  13.3%   CAGR  during the forecast period, with the market valuation reaching  US$ 2.3 Bn  by 2032.  Adaptive front lighting system adjusts the headlights of the vehicle so that the driver has optimum night vision without compromising the safety. With increasing safety concerns among consumers regarding visibility at night, along with ongoing technological advancements in front lighting systems is expected to spur demand in the market. Additionally, rising sales of automobiles across the globe are anticipated to create opportunities for growth in the market. Growing demand for advanced driver assistance system (ADAS) in passenger cars worldwide is fueling sales of adaptive front lighting. These systems optimize the distribution of light from headlights according to driving circumstances and road conditions and maximizes the driver’s visibility during night. “The introduction of connective technology su

 Automotive screenwash products keep windshields clean to help drivers drive efficiently in any weather conditions. Also, keeping the windscreen clean is a legal requirement in some countries. Automotive screenwash products also offer protection against freezing; they contain freezing agents such as methylated spirits to prevent the fluid from freezing in the reservoir, pump and tubing in colder climates, up to temperatures above -70°C. The type of detergent used in automotive screenwash products may vary, with some formulas being sold as “Bug and Tar Remover”, “Deicer” or “All-Season”. Demand for  Automotive screenwash products  is projected to be worth US$ 2.05 billion globally in 2022 and to increase at a CAGR of 2.5 percent to US$ 2.62 billion globally from 2022 to 2032. Some screen wash products are designed to be diluted with water, whereas others are intended to be used full strength. Some are sold in the powder form to be mixed by the user. Distilled water is advi

 The bicycle market is expected to see a substantial CAGR of 4.76%, and is projected to increase from US$ 1116.5 billion in 2021 to US$ 1861.8 billion by 2032. The customer demand for bicycle as a practical form of exercise to ensure a healthy life free from obesity and other illnesses is predicted to further boost the bicycle market share. Many governments are aggressively constructing the infrastructure needed to support bicycle commuting at the same time, which boosts demand for bicycle. The creation of dockless bicycle sharing services that use mobile apps is the result of recent advancements in GPS technology and mobile app development. The widespread usage of such dockless bicycle-sharing programmes is also anticipated to significantly raise bicycle sales. Due to the emergence of several online bicycle booking platforms through web portals and mobile applications, such Uber Bike, Yulu, and others, it is anticipated that the use of cars is rising. This presents nume

 An automotive back-up camera is a special kind of camera (video) which is produced precisely for the motive to be mounted to the rear side of a vehicle to support in backing up. These are specially designed to avoid back-up accident by a vehicle. These camera are commonly attached to the vehicle head unit display. The rear-view system increase the visibility for driver, and identifies additional information for combination with other parking systems and supports also trailer functions. A mountable camera concept offers from viewing only level up to active break and steering support different setups. By 2022, the sales of automotive back-up camera are predicted to provide an additional market potential of more than US$ 2.6 billion, growing at a startling CAGR of between 8 and 9 percent from 2022 to 2032. Compared to the US$ 2.3 Bn recorded in 2021, the market for vehicle backup cameras is predicted to surpass US$ 5 Bn by the end of 2032. Earlier (in 1991), Toyota Soarer L