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The global 24v vehicles market size is expected to gain momentum by reaching USD 53.3 billion till 2026 while exhibiting a CAGR of 8.5% between 2019 and 2026. This is attributable to increasing demand for hybrid vehicles owing to rising pollution and high adoption of advanced technologies by the manufacturers across the globe. Fortune Business Insights, publishes this information in its latest report, titled “Vehicle Electrification Market Size, Share and Industry Analysis; By Product Type (Start/Stop System, Electric Air Conditioner Compressor, PTC Heater, Electric Vacuum Pump, Electric Water Pump, Electric Oil Pump, Starter Motor & Alternator, Integrated Starter Generator, Actuators). By Vehicle Type (Passenger Cars, Light Commercial Vehicles & Heavy Commercial Vehicles), and Regional Forecast, 2019-2026.”  The report further mentions that the market was worth USD 27.9 billion in 2018.

 

Source:

https://www.fortunebusinessinsights.com/vehicle-electrification-market-102070

Vehicle electrification is a term that involves the adoption of electricity to run the vehicle. There are different types of electric vehicles such as plug-in hybrid electric vehicles, blended phevs, and hybrid electric vehicles, among others.

The conventional systems in an automotive are replaced by electric components that aids in increasing the efficiency of the vehicle, while reducing the dependency on conventional fuels that are declining at an alarming rate across the globe. Electrification of the vehicles is witnessed as the future of mobility and is expected to witness exponential demand in the coming years.

What does the Report Include?

The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period.

The report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. 

DRIVING FACTORS

Recent Advancement in Technology to Drive the Market

Depleting fossil fuels along with rising costs of petrol and diesel is propelling the demand for convenient substitutes such as electric vehicles. The rising consumer demand for hybrid vehicles is driving the manufacturers to introduce vehicles with advanced technologies. For instance, growing concerns regarding pollution caused by vehicles, and stringent government policies to limit vehicular emission has enabled the automakers to introduce the engine shut down system technology.

Whenever the vehicle halts at the traffic signal, the smart electric starter system instantly cuts off the fuel supply to the engine. This helps in the consumption of fuel and efficiently reduces fuel emission levels. Therefore, increasing adoption of recent technology advancement in vehicles is expected to favor the growth of the global vehicle electrification market in the forthcoming years.

 

REGIONAL INSIGHTS

Favorable Government Policies in Asia Pacific to Favor Growth

Among all regions, the market in Asia-Pacific is expected to witness significant growth and register highest global vehicle electrification market revenue during the forecast period. This is ascribable to factors such as favorable government policies such as tax exemption in the purchase of electric vehicle in countries such as India, China, and South Korea.

On the other hand, Europe is likely to hold second largest position in the market during the forecast period. This is ascribable to increasing adoption of advanced technologies and surging demand for hybrid vehicles in the region.

COMPETITIVE LANDSCAPE

Jaguar Land Rover Collaborating with Nordic Taxi Operator Cabonline to Aid Growth

In June 2020, Jaguar Land Rover announced its plan to collaborate with the Carbonline, the largest taxi operator in Nordic, to support the development of the world’s first high-powered wireless taxis in Oslo. The project, Electricity includes Forum Recharge, the city’s largest point operator, and the US technology developer, Momentum Dynamics. Together, the project is aimed at building a high-powered wireless charging infrastructure for taxis in Oslo.

Arild Hermstad, Vice Mayor of Oslo, says, “We are delighted to have private enterprises onboard to aid us in reaching our dream of electric mobility to conserve fuel and reduce emission by 95% before 2030.” According to Fortune Business Insights, the companies operating in the market are adopting strategies such as merger and acquisition, collaboration, introduction of new products, and partnership to maintain stronghold and gain major global vehicle electrification market share during the forecast period.  

 

List of the Companies Operating in the Market:

  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • Delphi Technologies PLC
  • Johnson Electric Holding Limited
  • Volkswagen
  • Toyota Motors Corporation
  • Honda Motors Co. Ltd

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping   organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

 

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The global high definition car camera market size is projected to reach USD 3255.85 million by the end of 2027. Rising investments in technological integration have played a huge role in market growth. The presence of several large scale companies operating on the global stage will provide impetus to market growth. According to a report published by Fortune Business Insights, titled “Car Digital Video Recorder (DVR) Market Size, Share & Industry Analysis, By Type (Single Channel, Dual Channel), By Application (Passenger Car, Commercial Vehicle), and Regional Forecast, 2020-2027,” the market was worth USD 2616.00 million in 2019 and will exhibit a CAGR of 5.1% during the forecast period, 2020-2027.

Source:

https://www.fortunebusinessinsights.com/car-dvr-digital-video-recorder-market-103364

 

A car digital video recorder (DVR) is a portable camera that is used in vehicles to record the journeys. These devices are used to document accidents and thefts. This system automatically records the captured image and video on a dedicated memory card that acts as a peripheral within the system. The technological advancements in cameras and the improvements in resolutions of cameras and decrease in physical sizes have emerged in favor of adoption of the device. Moreover, the availability of DVRs at low costs will encourage manufacturers to include DVRs at the time of production itself. The increasing number of automobile and tech company collaborations will have a huge impact on the growth of the overall car digital video recorder market in the foreseeable future.

Decreasing Product Demand in Coivd-19 Pandemic to Hamper Market Growth

The recent coronavirus outbreak has created a sense of panic across the world. As several businesses have been forced to shut down in an attempt to curb the spread of the disease, manufacturing and production units have taken a huge hit. The decreasing demand for car DVRs is consequential to the strict lockdowns imposed across the world as well as the hesitancy among people to leave their homes for reasons other than essential services. As a result, the car DVR market performance will decline considerably during the Covid-19 pandemic.

 

Increasing Number of Product Launches will Bode Well for Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It is observed that there are several companies in the global market, which has ultimately resulted in a competitive environment. This has made it increasingly difficult for companies to establish a standout position. As a result, companies are adopting newer strategies with a bid to establishing a stronghold in the market. It is seen that product innovations are an increasing trend among major companies across the world. In February 2019, Panasonic Corporation announced the launch of a new compact in-vehicle cam. The company introduced this product as part of its expanding Public Safety Solutions portfolio in North America. The AS-1 Arbitrator was introduced with the aim of establishing strong evidences for the law enforcement agencies. Panasonic’s latest product will enhanced video qualities and subsequently help the company acquire a wider consumer base in the forthcoming years.

North America to Emerge Dominant; Presence of Several Large Scale Companies will Bode Well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in several countries across the world has had a huge say in the performance of the market in recent years. Accounting to the strict policies associated with accidental insurance, especially in the United States, the adoption of DVRs is high in this region. Moreover, the massive investments in product innovations will contribute to the growth of the regional market. As of 2019, the market in North America was worth 814.9 million and this value is projected to increase at a considerable pace in the coming years. The market in Europe will derive growth from the strict policies regarding the use of dash cams that has also been made compulsory in a few countries. The market in Asia Pacific is driven by the presence of several global manufacturers in countries such as China, India, and Japan.

 

List of companies profiled in the report:

  • Garmin Ltd. (Kansas, U.S.)
  • ABEO Technology (Hangzhou, Taiwan)
  • Pittasoft Co. Ltd. (Gyeonggi-do, South Korea)
  • Panasonic Corporation (Osaka, Japan)
  • Falcon Zero LLC (New Jersey, U.S.)
  • Cobra Electronics Corporation (Illinois, U.S.)
  • DOD Tech (Taoyuan, Taiwan)

Industry Developments:

January 2020 – Garmin International Inc. announced the launch of a new dash cam. The company introduced the ‘Garmin Dash Cam Tandem,’ the company's first dual-lens dash camera that provides drivers complete video coverage of their surroundings.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

 

 

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UK : +44 2071 939123

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The global connected car market size is predicted to reach USD 142.49 billion by 2026, exhibiting a CAGR of 16.4% during the forecast period. The growing R&D for the advancement in connecting systems will enable speedy growth of the market during the forecast period. In addition, the rising passenger cars around the world is predicted to contribute positively to the growth of the market, sates Fortune Business Insights in a report, titled “Connected Car Market Size, Share & Industry Analysis, By Service(mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2026” the market size stood at USD 42.25 billion in 2018.

Source :

https://www.fortunebusinessinsights.com/industry-reports/connected-car-market-101606 

The The report incorporates several factors that have impacted the connected car market growth and share in recent years. Besides providing insights on the growth stimulators, it reveals a few factors that have restricted the market growth. The report highlights a few of the leading products, significant companies, and considerable industry developments of recent times. The competitive landscape has been discussed in in-depth in the oatmeal market report. Forecast values for the market have been provided in the report for the period of 2019 to 2026. Moreover, the report recognizes areas that have witnessed the highest demand and applications for the product in recent years.

Competitive Landscape

Collaboration of Spotify with Harman International to Create Business Opportunities

Harman International Industries, Inc., an American company that produces, designs, and engineers connected products for automakers, consumers, and enterprises worldwide, collaborated with Spotify to develop advance connected technologies for the automotive & consumer industry. This partnership represents the next phase of Samsung’s long-term partnership with Spotify, which enables Spotify to extend its consumer electronics affiliation into the fast-expanding automotive industry. The patnershipo between the two companies is predicted to augur well for the market owing to the advanced connected technologies for connected automotive.

Moreover, the launch of innovative products by leading market players will boost the connected car market revenue during the forecast period. For instance, in February 2018, TomTom (TOM2) Inc. launched “TomTom Audio Traffic”-personalized traffic information conveyed to the driver by over the voice. This feature acknowledges the driver, exact personalized traffic information about the route ahead. Moreover, TomTom (TOM2) Inc. unveiled “TomTom AutoStream” for advanced driver assistance systems and autonomous driving, a revolutionary map delivery service. TomTom Autostream improves driver safety and comfort by displaying the latest navigation with the use of the TomTom cloud platform. In addition, the rising innovation and advancement in automotive will augur well for the market.

Regional Analysis

Rising Safety Regulations to Enhance Market in North America

North America is expected to witness high demand for connected cars market owing to increasing safety regulations for security & protection. The surge in communication and information technology such as 5G or 4G LTE will also aid the market during the forecast period. The advancement in the technology of connected car devices will also contribute to the growth of the market. Europe is expected to witness lucrative opportunities for the connected cars market during the forecast period owing to the presence of key players in the region. The surge in research & development activities for the development and advancement of connected car technology is predicted to further accelerate the connected car market growth.

The Report Lists the Key Companies in the Connected Car Market:

  • TomTom International B.V
  • AT&T
  • Harman International
  • Audi (Germany)
  • BMW (Germany)
  • Continental AG (Germany)
  • Bosch (Germany) 

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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The global automotive airbags market size is expected to grow owing to increasing awareness regarding safety among the consumers. Fortune Business Insight, in its latest published report, titled Automotive Airbags Market Size, Share & Industry Analysis, By Application (Knee, Side, Front, Curtain), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecasts, 2019-2027.”, states that the global automotive airbags market size was USD 12.54 billion in 2018, which is expected to reach USD 22.53 billion by 2027, exhibiting a CAGR of 8.2% during the forecast period.

Source:

https://www.fortunebusinessinsights.com/industry-reports/automotive-airbags-market-101699 

According to a 2018 report by World Health Organization (WHO), around 1.4 million people die annually in road accidents across the globe. It is a rising concern that not only leads to human sufferings, but also results in a GDP loss of upto 3% in few countries. Taking this into consideration, several economies are taking steps to introduce stringent safety regulations for the safety of driver and pedestrian safety. OEMs in the automotive sector are designing  airbags in the passenger cars and commercial vehicles. This will contribute to the growth of the market during the forecast period.

What is the Report About?

The automotive airbags market report executes a PESTEL study and SWOT analysis to give information on the drivers, restrictions, openings, and threats in the market. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and application segments. Moreover, it also shows different procedures and strategies, along with dealers working in the market, explores components including market development, generation patterns, and following systems. The information is sourced from the opinions of industry professionals and it gives the forecast values that will impact the growth of the market in the forthcoming years.

Drivers and Restraints:

Campaigns and Awareness-raising Programs to Promote Growth

With rising number of road fatalities, need to adopt strategies to design, implement, and evaluate road safety programs will contribute significantly to the growth of the market during the forecast period. For instance, in January 2018, on the account of Road Safety Week, Social Samosa, an Indian online publication, posted few on point and effective road safety campaigns in India over the past few years. It garnered tremendous response from the netizens. Increasing awareness regarding the safety on the road is expected to contribute to the automotive airbags market growth in the forthcoming years.

Regional Analysis:

Stringent Government Regulations Will Propel the Market in Europe

Among regions, the market in Europe will remain at the forefront during the forecast period. This is ascribable to factors such as strict government rules for road safety. In addition to this, promotion of Euro NCAP by countries such as Germany, France, the United Kingdom, and Sweden will contribute to the growth of the market in Europe. On the other hand, North America is expected to witness significant growth owing to strict guidelines to mandatorily include  airbags in the passenger cars and light-duty commercial vehicles. This, in turn will positively impact the  automotive airbags market share.  Asia-Pacific is expected to expand considerably on account of increasing sales and production of vehicles in countries such as India, and China.

Competitive Landscape:

Autoliv Inc. Develops New Front-center Airbag; Product Developments to Aid Growth

The market consists of several companies that are striving to gain maximum from the automotive airbags market revenue. Adoption of various strategies to gain market stronghold by key players will considerably impact the growth of the market during the forecast period. For instance, in Nov 2019, Autoliv Inc., a global vehicle systems leader, announced its development in designing a new front-center airbag that saves lives during side-impact crash scenarios. Moreover, mergers and acquisitions by key players will drive the growth of the market between 2019 and 2025.

Industrial Developments:

  • May 2019: ZF Friedrichshafen AG acquires 90 percent market share of Simi Reality Motion System for Occupant Recognition that is a key enabler for integrated safety and autonomous driving.

List of the Key Companies Operating in the Global Automotive Airbags Market:

  • ZF Friedrichshafen AG
  • Continental
  • Denso Corporation
  • Hyundai Mobis
  • Autoliv
  • Takata
  • Joyson Electronic 
  • Robert Bosch GmbH

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping   organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

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The global electric vehicle charging station market size is expected to showcase a significant growth by reaching USD 100.96 billion by 2027, while exhibiting an astounding CAGR of 23.24% between 2020 and 2027. This is attributable to the increasing government fund to develop electric charging infrastructure and the growing demand for electrification of vehicles across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Electric Vehicle Charging Station Market Size, Share & Industry Analysis, By Charger Type (Fast, Slow/Moderate), By Application (Commercial, Residential) and Regional Forecasts, 2020-2027.” The report further mentions that the market was worth USD 39.70 billion in 2019.

Source:

https://www.fortunebusinessinsights.com/electric-vehicle-ev-charging-stations-market-102058 

Complete Shutdown amid COVID-19 to Lead to Disruption in Manufacturing Operations

The widespread effect of the novel coronavirus has led to a complete shutdown of transportation activities. The government has imposed stringent lockdown measures to contain the spread of the disease that has further led to several industries halting their operations owing to the absence of the workers across the globe. However, once the operations resume along with stringent safety practices to arrest the spread of the disease, the market will recover slowly in the coming years.

 

An electric vehicle charging station is a built-in charging point infrastructure that is used to supply energy to electric vehicles (EVs). The EVs consists of converter boards that can be used to plug into the standard high-capacity electrical outlets or stations. These stations support faster charging of the EVs even at higher currents and voltages. In addition to this, they consist of a heavy-duty special type of converters that can be plugged into an EV to facilitate rapid charging.

What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Government Fund for Developing Charging Infrastructure to Promote Growth

Several automakers are introducing new plug-in hybrids and electric vehicles across the globe. Owing to the increasing focus on reducing greenhouse gas emission and providing better quality air, the government is facilitating funds to develop new electric vehicle charging station networks in the forthcoming years. For instance, in July 2020, the Florida Governor, Ron DeSantis announced about USD 8.6 million funding to develop electric vehicle charging stations along the state highways. Therefore, the increasing government funds to develop charging stations are expected to drive the global electric vehicle charging station market during the forecast period.

 

SEGMENTATION:

Slow/Moderate Charger Segment Held a 16.92% Share Stoked by the Increasing Availability of the Chargers

The segment slow/moderate charger, based on charger type, held a market share of about 16.92% in 2019 and is likely to showcase a considerable growth owing to the presence of chargers largely across the globe.

REGIONAL INSIGHTS

Asia-Pacific to Remain at the Forefront; Increasing Focus on Developing Charging Infrastructures to Spur Demand

Among all the regions, Asia-Pacific was worth USD 20.06 billion in 2019 and is likely to hold the highest global electric vehicle charging station market share during the forecast period. This is attributable to the increasing focus on developing electric vehicle charging stations in countries such as China in the region. The market in North America will experience an exponential growth in the forthcoming years. This is ascribable to factors such as the presence of several electric charging networks in the United States between 2020 and 2027.

COMPETITIVE LANDSCAPE

Partnerships between Major Companies to Strengthen Their Market Positions

The global electric vehicle charging station market is consolidated with the presence of major players such as ChargePoint, Inc. Key players are expanding their operations by establishing partnerships between them in a bid to broaden their footprints in the fiercely competitive global marketplace. In addition to this, the adoption of strategies such as merger and acquisition, collaboration, and the introduction of new products by the companies will bode well for the market growth during the forecast period. 

 

Industry Development:

  • July 2020: Eversource, a leading energy solutions provider, in collaboration with the Town of Natick, completed the installation of 3 dual-port electric vehicle charging stations at John J Lane Park and Community Gardens, Dug Pond, and Connor Heffler Park. The collaboration is aimed at bringing down the emission levels drastically and promote green culture in the town.

List of the Companies Proliferating in the Market:

  • ChargePoint Inc. (California, USA)
  • Schneider Electric (Rueil-Malmaison, France)
  • Tesla Inc. (Palo Alto, California, USA)
  • BP Chargemaster (Luton. UK)
  • Shell International BV (The Hague, The Netherlands)
  • Webasto Group (Stockdorf, Germany)
  • Siemens AG (Munich, Germany)
  • EVBox (Amsterdam, USA)
  • Eaton (Dublin, Ireland)

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping   organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

 

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The Global Autonomous Aircraft Market Size is projected to reach USD 16.23 billion by the end of 2027. The rising investments in the development of improved aircraft infrastructure will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo & Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2020-2027,” the market was worth USD 4.56 billion in 2019 and will exhibit a CAGR of 22.68% during the forecast period, 2020-2027.

Source:

https://www.fortunebusinessinsights.com/autonomous-aircraft-market-103266

 

The Covid-19 pandemic has had an adverse effect on several businesses across the world. Due to the rapid spread of the disease, companies are forced to shut down manufacturing units which has directly affected the business operations across the world. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Autonomous aircraft are fully or partially automated vehicles where human intervention may or may not be a necessity. Technological integration has played a massive role in the development of autonomous aircraft. The use of concepts such as AI and IoT has allowed real-time operations. The massive investments in the integration of such real-time concepts as well as sensor-based modules will open up a huge potential for the growth of the overall autonomous aircraft market in the near future. The presence of several autonomous aircraft vendors in several countries across the world will emerge in favor of market growth. The increasing emphasis on the use of AI-integrated concepts is attributable to the benefits offered by this concept including high precision, accuracy, and efficiency. The increasing use of autonomous vehicles in military and defense applications will create several opportunities for growth.

Increasing Number of Company Mergers and Acquisitions will Emerge in Favor of Market Growth

The report encompasses several factors that have affected the growth of the overall autonomous aircraft market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. In January 2016, AAI Corporation announced that it has bagged a contract from the US Army for the production of tactical data link retrofit. This contract is aimed at the full-rate production of the devices the ‘Shadow Tactical’ unarmed aircraft system. The contract is said to be worth an estimated USD 97.1 million. AAI Corporation’s constant efforts in innovations and highly efficient products seem to have paid off.  Through this contract, the company will look to establish a strong platform for future growth.

 

North America to Emerge Dominant; Increasing Investment in Product R&D to Aid Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising investment in the research and development of efficient autonomous aircraft will emerge in favor of market growth. Moreover, the presence of several large scale companies including Boeing Company, Lockheed Martin Corporation, and Northrop Grumman will contribute to the growth of the regional market. As of 2019, the market in North America was worth 1.72 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will exhibit a significant CAGR in the coming years owing to rising demand from the military sector for surveillance operations. Additionally, the increasing investment in aircraft infrastructures will emerge in favor of market growth.

List of companies profiled in the report:

  • AeroVironment, Inc. (The U.S.)
  • Airbus S.A.S. (the Netherlands)
  • BAE Systems (The U.K)
  • Boeing (The U.S.)
  • Elbit Systems (Israel)
  • Embraer (Brazil)
  • Lockheed Martin Corporation (The U.S.)
  • Northrop Grumman Corporation (The U.S.)
  • Raytheon Technologies (The U.S.)
  • Saab ABAB (Sweden)

 

Industry Developments:

July 2018– Boeing announced that it has signed a contract with the US Navy for design and development of a fleet of MQ-25A Stingray carrier-based drones. The contract is said to be worth USD 805 million.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

 

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

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Email: sales@fortunebusinessinsights.com

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The Global Electronic Warfare Market is anticipated to gain momentum from the ever-increasing technological advancements and the rising adoption of cyber EW worldwide. Cyber EW helps in refining the offensive and defensive purposes. It is capable of covering a wide range of cyberspace and the electromagnetic environment. This information is given by Fortune Business Insights™ in a new report, titled, “Electronic Warfare Market Size, Share & Covid-19 Impact Analysis, By Domain (Electronic Attack, Electronic Protection, and Electronic Support), By Equipment (Jammers, Antennas, Radar Warning Receiver, Anti-radiation Missiles, Directed Energy Weapons, and Others), By Platform (Air-based, Sea-based, Land-based), and Regional Forecast, 2020-2027.” The report further states that the electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, thereby exhibiting a CAGR of 4.81% during the forecast period.

 

Read Full Detailed Reports : 

https://www.fortunebusinessinsights.com/electronic-warfare-market-103290 

The emergence of the COVID-19 pandemic has brought the world to a complete halt. Even though some of the manufacturing companies have resumed their operations, certain norms, such as social distancing and low workforce are to be followed mandatorily. The pandemic has also affected the supply chains and business confidence severely. Our report will help you to overcome such situations by adopting the best strategy provided by our team of highly skilled analysts.

This Report Answers the Following Questions:

  • What are the current market trends?
  • What are the challenges and opportunities in the market?
  • Which segment is set to dominate the market?
  • How are the companies trying to generate sales of EW to compete in the market?

Drivers & Restraints-

Integration of UAVs & Electronic Warfare Systems to Spur Growth

Over the past few years, the usage of unmanned aerial vehicles (UAVs) in the military forces across the globe has surged. It occurred because of the monitoring, imagery mapping, and surveillance of combat operations. The integration of surveillance data and imagery with EW can provide more information about the situational awareness. It is a major factor that is set to contribute to the electronic warfare market growth in the coming years. Several prominent companies and ruling bodies are investing huge sums in the exploitation of this relationship between the EW and the UAVs. However, EE systems are very expensive. Hence, the developing countries prefer conventional systems. It may hinder the market growth.

 

Segment-

Electronic Support Segment to Lead Owing to Rising Demand for ISR from Defense Sector

In terms of domain, the market is segregated into electronic support, electronic protection, and electronic attack. Out of these, the electronic support segment is expected to exhibit the largest electronic warfare market share in the coming years and remain in the leading position. This growth is attributable to the high demand for intelligence, surveillance, and reconnaissance (ISR) techniques and equipment from the defense sector worldwide.

Regional Analysis-

Presence of Numerous Industry Giants to Favor Growth in Europe

Geographically, North America held USD 9.28 billion in terms of revenue in 2018. This growth is attributable to the rising terrorism, as well as political and territorial disputes occurring in this region. In addition to that, the U.S. Department of Defense (DoD) is set to invest approximately USD 25.8 billion in the research, development, test, and evaluation (RDT&E) in the coming years. Also, it is planning to spend around USD 27.8 billion to procure electronic warfare systems. It would also propel the market growth in this region.

Europe, on the other hand, is set to remain in the second position stoked by the presence of major companies, such as Saab AB, BAE Systems, and Thales Group in this region. Also, the rising investments in the development and procurement of electronic warfare systems would augment growth. Asia Pacific would exhibit rapid growth backed by the need to enhance the warfighting capabilities of the defense forces in the developing countries, such as India and China.

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Competitive Landscape-

Renowned Companies Focus on Receiving New Contracts from Defense Forces

The market is fragmented with the presence of a large number of companies worldwide. Amongst them, Lockheed Martin Corporation is in the top position on account of its persistent research and development activities to unveil state-of-the-art products in the market. Nowadays, several companies are focusing on bagging new contracts from the government agencies to deliver their in-house products. Below are a couple of the latest industry developments:

  • January 2020: Lockheed Martin Corporation received a new contract from the U.S. Navy. It is worth USD 43 million. It would help the company to upgrade the E-2D AN/ALQ-217 Electronic Support Measures (ESM) system of the E-2D Advanced Hawkeye.
  • January 2019: The Space and Naval Warfare Systems Center Atlantic (SPAWAR) provided a five-year contract worth USD 898 million to General Dynamics Information Technology (GDIT) for Navy Cyber Mission Engineering Support.
  • April 2019: The U.S. Navy awarded a new contract to Harris Corporation to manufacture and provide Integrated Defensive Electronic Countermeasures (IDECM) jammers. These are meant for the F/A-18C/D/E/F variants.

 

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The Global Car DVR Market Size is projected to reach USD 3255.85 million by the end of 2027. Rising investments in technological integration have played a huge role in market growth. The presence of several large scale companies operating on the global stage will provide impetus to market growth. According to a report published by Fortune Business Insights, titled “Car Digital Video Recorder (DVR) Market Size, Share & Industry Analysis, By Type (Single Channel, Dual Channel), By Application (Passenger Car, Commercial Vehicle), and Regional Forecast, 2020-2027,” the market was worth USD 2616.00 million in 2019 and will exhibit a CAGR of 5.1% during the forecast period, 2020-2027.

Source:

https://www.fortunebusinessinsights.com/car-dvr-digital-video-recorder-market-103364 

List of companies profiled in the report:

  • Garmin Ltd. (Kansas, U.S.)
  • ABEO Technology (Hangzhou, Taiwan)
  • Pittasoft Co. Ltd. (Gyeonggi-do, South Korea)
  • Panasonic Corporation (Osaka, Japan)
  • Falcon Zero LLC (New Jersey, U.S.)
  • Cobra Electronics Corporation (Illinois, U.S.)
  • DOD Tech (Taoyuan, Taiwan)

A car digital video recorder (DVR) is a portable camera that is used in vehicles to record the journeys. These devices are used to document accidents and thefts. This system automatically records the captured image and video on a dedicated memory card that acts as a peripheral within the system. The technological advancements in cameras and the improvements in resolutions of cameras and decrease in physical sizes have emerged in favor of adoption of the device. Moreover, the availability of DVRs at low costs will encourage manufacturers to include DVRs at the time of production itself. The increasing number of automobile and tech company collaborations will have a huge impact on the growth of the overall car digital video recorder market in the foreseeable future.

Decreasing Product Demand in Coivd-19 Pandemic to Hamper Market Growth

The recent coronavirus outbreak has created a sense of panic across the world. As several businesses have been forced to shut down in an attempt to curb the spread of the disease, manufacturing and production units have taken a huge hit. The decreasing demand for car DVRs is consequential to the strict lockdowns imposed across the world as well as the hesitancy among people to leave their homes for reasons other than essential services. As a result, the car DVR market performance will decline considerably during the Covid-19 pandemic.

 

Increasing Number of Product Launches will Bode Well for Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It is observed that there are several companies in the global market, which has ultimately resulted in a competitive environment. This has made it increasingly difficult for companies to establish a standout position. As a result, companies are adopting newer strategies with a bid to establishing a stronghold in the market. It is seen that product innovations are an increasing trend among major companies across the world. In February 2019, Panasonic Corporation announced the launch of a new compact in-vehicle cam. The company introduced this product as part of its expanding Public Safety Solutions portfolio in North America. The AS-1 Arbitrator was introduced with the aim of establishing strong evidences for the law enforcement agencies. Panasonic’s latest product will enhanced video qualities and subsequently help the company acquire a wider consumer base in the forthcoming years.

North America to Emerge Dominant; Presence of Several Large Scale Companies will Bode Well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in several countries across the world has had a huge say in the performance of the market in recent years. Accounting to the strict policies associated with accidental insurance, especially in the United States, the adoption of DVRs is high in this region. Moreover, the massive investments in product innovations will contribute to the growth of the regional market. As of 2019, the market in North America was worth 814.9 million and this value is projected to increase at a considerable pace in the coming years. The market in Europe will derive growth from the strict policies regarding the use of dash cams that has also been made compulsory in a few countries. The market in Asia Pacific is driven by the presence of several global manufacturers in countries such as China, India, and Japan.

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Industry Developments:

January 2020 – Garmin International Inc. announced the launch of a new dash cam. The company introduced the ‘Garmin Dash Cam Tandem,’ the company's first dual-lens dash camera that provides drivers complete video coverage of their surroundings.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

 

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

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https://www.fortunebusinessinsights.com/press-release/automotive-steering-system-market-9491

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Vehicle Electrification Market | Worldwide Demand, Growth Potential & Opportunity Outlook 2027

The global 24v vehicles market size is expected to gain momentum by reaching USD 53.3 billion till 2026 while exhibiting a CAGR of 8.5% between 2019 and 2026. This is attributable to increasing demand for hybrid vehicles owing to rising pollution and high adoption of advanced technologies by the manufacturers across the globe. Fortune Business Insights, publishes this information in its latest report, titled “Vehicle Electrification Market Size, Share and Industry Analysis; By Product Type (Start/Stop System, Electric Air Conditioner Compressor, PTC Heater, Electric Vacuum Pump, Electric Water Pump, Electric Oil Pump, Starter Motor & Alternator, Integrated Starter Generator, Actuators).

Car digital video recorder Market : Understand The Key Growth Drivers Developments And Innovations

The global high definition car camera market size is projected to reach USD 3255.85 million by the end of 2027. Rising investments in technological integration have played a huge role in market growth. The presence of several large scale companies operating on the global stage will provide impetus to market growth. According to a report published by Fortune Business Insights, titled “Car Digital Video Recorder (DVR) Market Size, Share & Industry Analysis, By Type (Single Channel, Dual Channel), By Application (Passenger Car, Commercial Vehicle), and Regional Forecast, 2020-2027,” the market was worth USD 2616.00 million in 2019 and will exhibit a CAGR of 5.1% during the forecast period,

Electronic Warfare Market Developments & Key Challenges 2027

The Global Electronic Warfare Market is anticipated to gain momentum from the ever-increasing technological advancements and the rising adoption of cyber EW worldwide. Cyber EW helps in refining the offensive and defensive purposes. It is capable of covering a wide range of cyberspace and the electromagnetic environment. This information is given by Fortune Business Insights™ in a new report, titled, “Electronic Warfare Market Size, Share & Covid-19 Impact Analysis, By Domain (Electronic Attack, Electronic Protection, and Electronic Support), By Equipment (Jammers, Antennas, Radar Warning Receiver, Anti-radiation Missiles, Directed Energy Weapons, and Others), By Platform (Air-based, Sea
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