TechPR

  Improved vehicle fuel efficiency, high torque, increased power, and provision of better vehicle handling are some of the factors that are set to drive the growth of the in-wheel motor market by 2026. The global   In-Wheel Motor Market   shows significant growth and is projected to grow at a CAGR of 40.3% during the forecast period to reach USD 4,395 million by 2026 from an estimated USD 808 million in 2021. An in-wheel motor is an electric drive system for battery electric vehicles, hybrid electric vehicles, plug-in hybrids, and battery electric light-duty vehicles. It is designed for various vehicles such as sedans, SUVs, pickup trucks, and commercial vans. It can fit into any vehicle, with wheel size between 18 and 24 inches. According to MarketsandMarkets analysis, the in-wheel motor market, by volume, is estimated to reach 507,121 units in 2021, and this number is projected to grow at a CAGR of 41.8% during the forecast period. The major factors driving this growth ...

  The global   Connected Car Market   is projected to reach USD 57.6 billion by 2026, from an estimated USD 24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning systems, etc., is expected to boost the adoption of connected car services globally. The increasing sales of premium and luxury vehicles are also driving the popularity of connected car services. Continuous ongoing developments in connected car software and hardware will drive the growth of the connecting car market. For instance, in November 2021, Continental developed a technology solution for highly automated driving: an intelligent software that enables complex driving maneuvers autonomously. The Next Generation Driving Planner is an innovative software solution that enables highly automated driving from Level 3. This means that vehicles can master certain driving tasks indepe...

  The   Automotive Fuse Market , by value, is projected to grow at a CAGR of 2.0% from 2022 to 2027, to reach USD 28.4 Billion by 2027 from USD 25.7 Billion in 2022. The automotive fuse market is driven the increasing trend for vehicle electrification, safety and comfort features in mid-segment vehicles which will lead to increase in the number of fuses installed per vehicle. Also, increasing demand for premium HEV and PHEV will also give a positive impact in the automotive fuse market. Semiconductor fuses are advanced fuses that act very fast. They have several fuse element strips in parallel, depending on the ampere rating of the fuse. Production of environmental friendly electric vehicles is on the rise, fuses have major applications in electric vehicles with more integrated electronic features. The rising demand for automobiles from the emerging economies has led the car manufacturers to develop improved systems, thus increasing the demand for an efficient semiconductor fu...

  The   Automotive Engine Management System Market   is projected to grow to USD 63.2 billion by 2025 from USD 58.8 billion in 2020, at a CAGR of 1.5% during the forecast period. The demand for engine management system is primarily driven by stringent emission norms, coupled with increasing vehicle production. The engine management system industry is expected to be positively impacted by growing vehicle production across the globe as every ICE engine equipped vehicle is equipped with engine management system. The decreased emission limits and increased demand for fuel efficiency requirements have increased the focus on improvement in engine performance, which, in turn, is expected to have a significant impact on the global engine management system market. For instance, Diesel passenger cars which emit more NOx as compare to gasoline powered vehicle will be witness drop in production owing to fleet level emission standards by the various governments. Hence, growth in gasol...

  The  Automotive Telematics Market  is projected to reach USD 15.5 billion by 2027 from an estimated USD 8.8 billion in 2022 at a CAGR of 12.1% during the forecast period, driven by the developments in telematics sector and growing technology acceptance. For instance, in January 2022, Continental launched 4G dongle, which helps to boost the output of its Remote Vehicle Data (RVD) platform, which collects, process vehicle data of multiple types of vehicles. The dongle is faster compared to earlier Bluetooth-based version, and has larger computation and commnunication capability . Thus this device helps faster remote vehicle access, remote diagnostics, and fleet management. By vehicle type, passenger car is estimated to be the largest market for automotive telematics market owing to the increase in demand for advanced telematics services and safety and comfort and convenience features. The implementation of government mandates is also one of the major drivers for increasin...

  The   Vehicle Electrification Market   is projected to grow at a CAGR of 11.9% to reach USD 129.6 billion by 2025 from USD 73.7 billion. The vehicle electrification market is expected to witness a significant downturn in 2020, largely attributed to a decline in vehicle production. The production of ICE vehicles remains largely disrupted due to the COVID-19 pandemic. The vehicle electrification market is driven by factors such as stringent emission and fuel efficiency regulations around the globe. Increasing demand for passenger cars is boosting this electrification effect. Alternatively, higher cost of electric vehicles can undermine the demand for vehicle electrification. With increased use of electrical and electronics components, there is an increased demand for power supply. Investing and researching on 48V architecture is the preferred option by OEMs. This will not only help reduce vehicular CO2 and NOx emissions to permissible limits but will also improve fuel eff...

  The   Automotive Smart Display Market   is estimated to be worth USD 7.2 billion in 2020 and is projected to reach USD 10.9 billion by 2025, at a CAGR of 8.8% during the forecast period. The market is driven by increased customer awareness about road and vehicle safety, demand for improved consumer experience in vehicles, and high growth in the luxury and high-end cars segments, mainly in the emerging markets. Automotive smart displays help in two-way communication between a driver and a vehicle. Traditional automotive electronics included basic visual and analog interfaces, such as control buttons, analog and LCD instrument clusters, and basic central displays. However, modern automotive electronic components consist of multiple integrated advanced technologies that help create a seamless driving experience. Software providers play a vital role in the development of such advanced technologies. These providers help support the hardware part of these technologies by intr...

  The global  Mining Machinery Market  size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market. The mining industry has witnessed many advancements, especially with the introduction of autonomous mining machinery. Autonomous mining trucks are capable of driving an exact route every time and help in meeting material handling capacity requirements, resulting in reduced production time, fewer chances of human error, increased safety, high production volume, and increased accuracy and repeatability. Caterpillar Inc. (US), Volvo CE (Sweden), and Komatsu Ltd. (Japan), some of the market leaders, manufacture autonomous mining trucks that are used at sites around the globe. The constant R&D efforts by mining machinery manufactur...