Latest Market Research Updates

Connected Car Market Valued To Reach $180.30 Billion By 2022

San Francisco, 11 Sep 2019 - The global connected car market size is expected to reach USD 180.30 billion by 2022, according to a new study by Grand View Research, Inc. Surging consumer demand, constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth.

Connected cars offer connectivity on wheels providing comfort, performance along with safety and security. Such an advanced technology enables the driver and passengers to connect with various online platforms that facilitate real-time communication on the go.

The connected car market has the potential to significantly boost revenues of automobile manufacturers over the next five to seven years. Car manufacturers are expected to deliver the right mix of application and product packages for the right customers, and must systematically invest in R&D if they are willing to maintain their technological leadership.

Increasing regulations by governments and transportation authorities for the installation of advanced safety and vehicle to vehicle communications systems are expected to positively impact industry growth.

Access Full Insights: http://www.grandviewresearch.com/industry-analysis/connected-car-market

Further key findings from the study suggest:

Safety applications dominated the global connected car industry, accounting for over 34% of the share in 2014. The inclusion of safety technologies such as danger warning systems, automatic emergency calling, blind spot alerts, anti-collision systems that prevent accidents in automobiles has made modern cars safer and accident-proof. This is expected to result in an overall reduction in road mishaps and accidents thus reducing the overall on road fatalities.
Growing at a CAGR of over 31% from 2015 to 2022, driver assistance systems are expected to gain prominence over the forecast period. Recent advancements in driver assistances systems such as Volkswagen’s Emergency Assist, that automatically applies the brakes and stops a car in case of an emergency and BMW’s autonomous parking valet, that automatically parks a car even after the passenger’s exit have set benchmarks for driver assistance systems in the connected vehicle industry.
Asia Pacific is expected to grow at a CAGR of over 29% over the forecast period due to considerable automobile demand in the region coupled with a relatively untapped market for sophisticated automotive communications in the region. Countries such as China and India are expected to drive the industry growth during the next seven years. Automobile manufacturers and technology giants across the world are striving hard to provide advanced vehicle management and safety technologies in the budget car segment as well. Regulation by the European department of transportation in association with the governments have mandated the installation of eCall emergence calling systems and other advanced telematics systems for safety purposes in all new vehicles manufactured after the year 2014.
Technological and product innovations have driven the highly dynamic market. Industry participants include major automobile manufacturers and telecommunication giants such as Audi AG, Alcatel Lucent, Apple Inc, BMW, Ford Motors, and Google Inc. Manufacturers resort to mergers, acquisitions and strategic alliances with technological and network service providers as their key growth strategy to make their presence felt in the industry.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.comFor More Information: www.grandviewresearch.com

Car Rental Market Is Poised To Reach $125.4 Billion By 2025

San Francisco, 11 Sep 2019 -The global car rental market size is expected to reach USD 125.4 billion by 2025, registering a CAGR of 5.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. High total cost of ownership (TCO) associated with personal vehicles and growth in the tourism industry across the globe are two main factors fueling the market.

Increasing number of smartphone users globally and rising dependency on technology for carrying out activities such as booking and paying for rental services have been vital to market growth over the years. A number of vehicle rental companies are rolling out apps to notify their customers about promotional offers, discount coupons, fare, real-time tracking, and availability. As customers demand availability of cars in minimal time, industry players are focusing on enhancing their service convenience and streamlining business processes by utilizing IoT-enabled fleet management solutions.

Industry participants compete with each other on the basis of fleet size, pricing, location flexibility, and marketing expertise. The market is highly competitive, forcing companies to shrink their profit margins in order to offer better services to customers than their competitors. High intensity of competition within the industry is also encouraging major players to acquire smaller companies in order to strengthen their position in the marketplace. Several prominent service providers have introduced their brands at affordable prices as a strategy to expand their customer base.

Access Full Insights: https://www.grandviewresearch.com/industry-analysis/car-rental-market

Further key findings from the report suggest:

Along with reduction in fuel prices, there has been a considerable rise in number of international travelers worldwide, thereby resulting in rising demand for rental services
Rising consumer awareness regarding rental add-ons and availability of affordable solutions is compelling car rental market players to focus on enhancing their services and prioritizing customers’ convenience
Airport transport is anticipated to emerge as the largest application segment over the coming years, owing to a significant increase in number of air travelers across the globe. Numerous small companies are also entering this segment with new technologies and processes, further propelling the revenue generation prospects of the segment
‘Bleisure’ travel, which refers to a combination of a business and leisure trip, is one of the emerging and most promising trends in the travel and tourism industry. This trend is poised to propel the demand for car hiring and renting services among leisure and business travelers.

About Grand View Research

Biometric Sensor Market Is Forecast To Scope $1.83 Billion By 2024

San Francisco, 11 Sep 2019 - The global biometric sensor market size is expected to reach USD 1.83 billion by 2024, according to a new report by Grand View Research, Inc. Technological proliferation and increasing demand in commercial buildings, consumer electronics, and banking applications are expected to drive the market growth.

The development of advanced multimodal techniques for biometric authentication and recognition techniques, which employ verification of more than one biometrics enabling increased security levels across the end-use applications, is driving industry growth. The use of biometric Sensor in consumer electronic devices, such as smartphones and tablets, has resulted in an exponential increase in the sensor shipments.

End-users are increasingly adopting the advanced sensing and authentication technologies aimed at restricting unauthorized access and increasing security. Advanced recognition techniques such as DNA matching as well as vein, iris, and retina recognition have been increasingly adopted across distinct end-use verticals over the past few years.

However, concerns raised over cultural barriers and issues, such as the prevention of misuse of an individual’s biometrics, may pose a challenge to the market growth over the next eight years.

Access Full Insights: www.grandviewresearch.com/industry-analysis/biometric-sensor-market

Further key findings from the report suggest:

Optical, capacitive, thermal, ultrasound, and electric field Sensor are extensively used in capturing an individual’s biometrics. Optical Sensor accounted for over 40% of the industry share and are expected to sustain their supremacy over the forecast period. Fingerprint scanners used in commercial buildings and offices for access control and log management extensively employ optical Sensor for capturing, recognizing, and verifying fingerprints.
The finger scan application segment acquired a significant share of the industry, accounting for over 40% of the overall share and is expected to maintain its dominance over the forecast period. The hand and face scan applications are increasingly gaining prominence, owing to the enhanced security features that they offer.
The rising application of fingerprint and facial recognition and authentication as biometric technology in devices such as smartphones, tablets, and laptops, along with other smart handheld devices, have led to the market proliferation. The consumer electronics segment dominated the overall end-use industry accounting for over 25% of the market volume share in 2015.
The rapidly declining prices of such sensing components to be used in smartphones and tablets are expected to lead to a gradual decrease in the revenue generated over the forecast period. The entry of sensor and component manufacturers from the Asia Pacific countries, such as China and Taiwan, has led to increased competition in the industry, resulting in an overall decline in the sensor prices.
Asia Pacific dominated the global industry, contributing over 35% of the market revenue in 2015. The presence of key sensor and consumer electronics vendors in the region has led the region to hold a major share in the biometric Sensor industry.
Key vendors include 3M Company, Crossmatch, NEC Corporation, IDEX ASA, and ZKTeco Inc. Manufacturers are offering technologically advanced and distinguished products and are adopting innovative distribution strategies, such as e-commerce retailing apart from directly supplying to the end-use industries.

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Printed Electronics Market Size Would Touch New Mark Of USD 19.15 Billion By 2025

San Francisco, 10 Sep 2019 - The global printed electronics market is projected to reach USD 19.15 billion by 2025, according to a new report by Grand View Research, Inc. The surging demand for the flexible electronics at low manufacturing costs and the need for eco-friendly technologies is paving the way for increased adoption of the technology.

Additionally, the increasing penetration of IoT worldwide is proving to be a prime factor in pulling the printed electronics market over the forecast period. The continuously growing demand for IoT in the telecommunication industry for enhancing the network and optimizing the performance along with operations is expected to propel the application of technology over the forecast period.

Numerous technological advancements and developments have led to the evolution of various electronic gadgets and instruments. The growing awareness and user-friendly technologies are leading to the early adoption of these innovative products significantly.

Competent players of the industry are investing largely on the related R&D activities in order to enrich the product portfolios and establish their presence in the market. Eventually, adoption of the efficient and reliable technologies such as printed electronics has turned out to be a necessity for the manufacturers across the globe. Therefore, the printed electronics is anticipated to seek a notable attention across the consumer electronic sector over the forecast period.

The printed electronics market is categorized based on the materials needed, technologies, and the devices holding a major application over the forecast period. The Asia Pacific region contributes to the major demand of the conductive inks and is expected to hold the grip over the estimated time. This demand can be accredited to the increased production of consumer electronics across the regional countries.

However, the North America and European countries such as UK, Germany, and Norway includes various organizations and associations involved in the promoting and investing in R&D for developing the printed electronics technology. Furthermore, the Asia Pacific region is also expected to witness heavy demand which has led the companies to invest heavily for enhancing the ink quality, reliability, and other conductive properties.

The characteristic features of the inkjet technology such as less ink consumption and material wastage, flexibility, compactness, and less initial investment is leading the technology to experience a noteworthy swift over the estimated period. Furthermore, printed electronic RFID devices is another segment to observe a remarkable rise over the forecast period owing to the demanding application in the packaging sector. Hence, impacting positively for strengthening the global printed electronics market across the globe.

Browse Full Report - http://www.grandviewresearch.com/industry-analysis/printed-electronics-market

Further key findings from the report suggest:

The printed electronics market growth can be accredited to the increasing adoption of the inkjet technology, the growing display and printed RFID devices segments.
The increasing awareness regarding the conservation of natural resources is leading to the adoption of eco-friendly alternatives, such as the adoption of photovoltaic devices which is further attributing the technology growth.
Conductive inks and the screen printing technology are the two segments dominating the overall printed electronics market constituting the major share.
Various organizations and associations are promoting the printed electronics technology in the European countries such as Germany and UK, constituting for a considerable share in 2015.
The key industry participants include Enfucell Oy, GSI Technologies, NovaCentrix, and T-Ink, Inc. The major enhancement strategies followed by the competent players include signing partnerships or distribution agreements, mergers, and acquisitions along with enriching their portfolios by undertaking continuous R&D.

About Grand View Research

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com

Automotive Wiring Harness Market Is Predicted To Reach $77.15 Billion By 2025

San Francisco, 10 Sep 2019 - The global automotive wiring harness market size is expected to reach USD 77.15 billion by 2025 at a 6.2% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Rising integration of electronic devices in vehicles has positively affected demand for automotive wiring harnesses. Embedding wiring harness in a vehicle provides numerous benefits such as low probability of electrical shortage, improved fuel efficiency, and enhanced performance. Moreover, employing technologically advanced systems such as infotainment systems and advanced driver assistance systems in vehicles is expected to drive demand over the forecast period.

Increasing adoption of electric vehicles (EVs) in developing regions is also anticipated to drive the automotive wiring harness market as the number of electronic components used in EVs is significantly higher than that in conventional automobiles. Increasing tax benefits and incentives by governments across the globe is also propelling demand for EVs, consequently driving the sales of wiring harnesses.

Demand for automotive wiring harness is directly proportional to increase in vehicle production. Thus, increasing levels of disposable income across developed economies, particularly emerging economies such as India, Brazil, and China, are driving the automotive manufacturing industry, which, in turn, is expected to trigger the growth of the wiring harness industry.

Get All Insights & Actionable Data Report: https://www.grandviewresearch.com/industry-analysis/automotive-wiring-harness-market

Further key findings from the study suggest:

Based on component, the terminals segment is projected to witness the fastest growth over the forecast period, primarily driven by development of advanced technologies in the automotive field, including driver assistance systems and safety features
By application, the chassis segment accounted for approximately 30% of the overall revenue in 2017 as they are used in various vehicle components such as headlamps, fog lamps, and turn indicators
Demand for battery electric vehicles (BEVs) is driven by increase in fossil fuel prices, enforcement of emission laws, and anticipated expansion of charging infrastructure worldwide, all of which is slated to drive the segment by EV
By vehicle type, the light vehicle segment is anticipated to witness the highest CAGR, which is ascribed to increasing production of passenger cars in emerging markets
Asia Pacific leads the worldwide market in terms of automotive production and is anticipated to register significant growth over the forecast period. Rising demand for enhanced safety and convenience features in mid-segment vehicles, coupled with availability of low-cost labor, is spurring sales
Major industry players include Aptiv PLC, Sumitomo Electric Industries, Ltd., Yazaki Corporation, and Leoni AG. Recycling components to attain raw materials and ability to optimize costs through low-cost labor country sourcing are expected to emerge as key success factors for manufacturers in this industry.

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Electric Motor Sales Market Is Expected To Raise CAGR: 7.9% Till 2025

San Francisco, 10 Sep 2019 - The global electric motor sales market size is expected to reach USD 214.5 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast period. Rapid technological advancements have been playing an imperative role in the growth of the market.

Electric motors are an inseparable component of heating, ventilation, and cooling (HVAC) equipment. They are also used in multiple application across industry verticals such as home appliance, industrial machinery, and motor vehicles among others. Improved insulation and operational efficiency have significantly improved the safety and functionalities of motors, leading to increased demand across multiple industries.

Rising fuel prices across the globe are impelling people to shift to non-conventional fuel alternatives. Electric vehicles, as a result, are manufactured with a view of reducing operational costs and carbon footprint. Upsurge in production of electric vehicles is expected to positively impact the demand for electric motors as they are used in variety of applications ranging from performance components to comfort components of the vehicle.

The industry is characterized by regulatory policies and government initiatives that promote energy efficiency in machines and equipment. High-efficiency and output, low power consumption, increased operational life, and low maintenance costs are basic requirements for electric motors. Notably, technological innovations have introduced improved design, components, and motor specifications resulting in fulfillment of end-user requirements. Innovations and evolving policy frameworks are crucial for industry development and will play a key role in fueling the demand for the products over the forecast period.

Improving standards of living and rising income levels are also anticipated to spur the production of motor vehicles and electronic appliances, globally. Additionally, the use of electric motors minimizes financial burden on governments and consumers by reducing consumption of electricity. Owing to aforementioned factors, these motors are estimated to witness massive demand, mainly from industrial users, in the replacement market over the next few years.

Get All Insights & Actionable Data Report: https://www.grandviewresearch.com/industry-analysis/electric-motor-market

Further key findings from the report suggest:

Increased adoption of electric motors in vehicles, backed by technological advancements resulting in performance enhancement, is expected to positively impact the growth of the market
The AC motor type held the largest share in 2018. It is estimated to generate over USD 152 billion by 2025, owing to extensive use of AC motors in various applications ranging from irrigation pumps to modern day robotics
The fractional horsepower (FHP) output segment represented over 87.0% of the overall market value in 2018. Fractional horsepower motors are used widely in all household appliances ranging from vacuum cleaners to coffee machines to refrigerators
Motor vehicles were the most prominent application segment, commanding more than 40.0% of the overall market value in 2018. Electric motors are also extensively used in heavy industrial equipment as well as agricultural machineries
Asia Pacific will lead the market through 2025, exhibiting a CAGR of 9.3% during the forecast period. The growth of the regional market can be attributed to increasing direct investments in developing nations such as India and China
Some of the prominent companies operating in the market are Allied Motion Technologies, Inc.; Ametek, Inc.; Siemens; Baldor Electric Company, Inc.; Johnson Electric Holdings Ltd.; Rockwell Automation; Franklin Electric Co.; and Asmo Co., Ltd.

About Grand View Research

Fire Trucks Market Size Is Expected To Reach $7.41 Billion By 2024

San Francisco, 10 Sep 2019 - The global fire trucks market is projected to reach USD 7.41 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for fire trucks owing to rising penetration in application segments, including residential & commercial, enterprises & airports, and military, is expected to drive market growth over the forecast period.

Growing infrastructure in the developing countries including India, China, South Korea coupled with increasing awareness regarding fire safety is expected to drive the demand for fire trucks over the next eight years. The demand in enterprises and airports for fire apparatus and increasing governmental regulations towards ensuring fire safety compliance is expected to be a contributing factor for market growth across the globe.

The market consists of raw material suppliers, manufacturers, distribution channels, and end user applications. The companies including Alexis Fire Equipment Co. and Xuzhou Handler Special Vehicle Co. Ltd. procure raw materials such as chassis and metal sheets required for manufacturing of fire trucks from the local suppliers, as it saves transportation costs. However, few companies including Gimaex International and Albert Ziegler GmbH purchase trucks instead of chassis from established truck manufacturers such as MAN and Scania, install the components and fire equipment, and sell them to the fire departments.

Browse Full Report - https://www.grandviewresearch.com/industry-analysis/fire-trucks-market

Further key findings from the report suggest:

Residential & commercial application accounted for over 40% of the overall fire trucks market. Growing global population and resultant surge in building & construction activities have led the government to enforce stringent fire safety regulations across all sectors. This resulted in a significant increase in demand for fire trucks and is expected to drive market growth significantly over the forecast period.
China demand for fire truck was valued at over USD 650 million in 2015. High production capacity coupled with inexpensive labor are expected to be the driving forces for rising demand and supply for fire trucks in the country.In addition, growing application in manufacturing sector and residential sector is expected to aid market growth in China.
North America accounted for a large share of the market, and is expected to witness significant growth, growing at over 6% over the forecast period. Large number of fire stations and stringent regulations regarding fire safety are expected to be the key factors for market growth in the region.
The market in Europe, Middle East & Africa (EMEA) is expected to grow at a CAGR of over 5%. Product innovation, coupled with technological advancements in the industry, is expected to be the drivers of the EMEA market. However, high import prices are expected to restrain fire trucks market growth in Middle East & Africa.
Key players in the industry include Rosenbauer International AG, Oshkosh Corporation and Magirus GmbH. Auxiliary Power Unit is an idle-reduction technology designed by Rosenbauer International AG, specifically for use on fire apparatus; this is expected to save operating costs of endusers by a huge margin.

About Grand View Research

Latest Market Research Updates

Connected Car Market Valued To Reach $180.30 Billion By 2022

Car Rental Market Is Poised To Reach $125.4 Billion By 2025

Biometric Sensor Market Is Forecast To Scope $1.83 Billion By 2024

Printed Electronics Market Size Would Touch New Mark Of USD 19.15 Billion By 2025

Automotive Wiring Harness Market Is Predicted To Reach $77.15 Billion By 2025

Electric Motor Sales Market Is Expected To Raise CAGR: 7.9% Till 2025

Fire Trucks Market Size Is Expected To Reach $7.41 Billion By 2024

mHealth Apps Market Is Projected To Reach $236.0 Billion By 2026

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